7 Wetherby Grove

    7, WETHERBY GROVE, GATESHEAD, NE8 4YY

    This flat/maisonette leasehold property on Wetherby Grove last sold in June 2014 for £58,000. Based on price growth in the NE8 district since then, its estimated current value is £68,614 — placing it in the 1st percentile nationally and the 10th percentile within NE8. The property covers 47 m² (506 sq ft), giving an estimated value of £1,460 per m². The EPC rating is E, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    506 sq ft

    47 m²

    Last Sale Price

    £58,000

    Jun 2014

    Estimated Valuation

    £68,614

    Est. £/sq ft

    £136/sq ft

    £1,460/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction ageEngland and Wales: 1967-1975
    Habitable rooms2
    Main fuelmains gas (not community)
    EPC currentE
    EPC potentialC
    Floor area506 sq ft (47 m²)
    EPC dateJan 2014
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    13 Jun 2014

    £58,000

    Key Metrics

    Estimated valuation£68,614
    Value per sq ft / m²£136/sq ft (£1,460/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile10th percentile
    National percentile1st percentile

    District Context — NE8

    NE8 covers Gateshead and surrounding areas in Tyne and Wear, situated south of the River Tyne in the North East. It is a primarily working-class and lower-middle-income area with a significant rental market and strong community character.

    Average Property Price - NE8

    £157,635

    4

    National percentile

    Average Net Household Income - NE8

    £31,485

    12

    National percentile

    10-Year Annualised Price Growth - NE8

    2.5%

    16

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE8

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