2 June Courtyard Spring Street

    2 JUNE COURTYARD, SPRING STREET, GATESHEAD, NE8 2DG

    This terraced leasehold property on Spring Street last sold in June 2018 for £150,000. Based on price growth in the NE8 district since then, its estimated current value is £182,409 — placing it in the 20th percentile nationally and the 71st percentile within NE8. The property covers 77 m² (829 sq ft), giving an estimated value of £2,369 per m². The EPC rating is C, with a potential rating of B.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    829 sq ft

    77 m²

    Last Sale Price

    £150,000

    Jun 2018

    Estimated Valuation

    £182,409

    Est. £/sq ft

    £220/sq ft

    £2,369/m²

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area829 sq ft (77 m²)
    EPC dateFeb 2021
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    1 Jun 2018

    £150,000

    Key Metrics

    Estimated valuation£182,409
    Value per sq ft / m²£220/sq ft (£2,369/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile71st percentile
    National percentile20th 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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