8 April Courtyard Spring Street

    8 APRIL COURTYARD, SPRING STREET, GATESHEAD, NE8 2DG

    This terraced leasehold property on Spring Street last sold in May 2015 for £127,500. Based on price growth in the NE8 district since then, its estimated current value is £157,523 — placing it in the 14th percentile nationally and the 61st percentile within NE8. The property covers 59 m² (635 sq ft), giving an estimated value of £2,670 per m². The EPC rating is C, with a potential rating of B.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    635 sq ft

    59 m²

    Last Sale Price

    £127,500

    May 2015

    Estimated Valuation

    £157,523

    Est. £/sq ft

    £248/sq ft

    £2,670/m²

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 2007-2011
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area635 sq ft (59 m²)
    EPC dateSept 2020
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    8 May 2015

    £127,500

    25 Jun 2010

    New build

    £123,495

    Key Metrics

    Estimated valuation£157,523
    Value per sq ft / m²£248/sq ft (£2,670/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile61st percentile
    National percentile14th 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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