4 Advent Courtyard Teemers Drive

    4 ADVENT COURTYARD, TEEMERS DRIVE, GATESHEAD, NE8 2GL

    This flat/maisonette leasehold property on Teemers Drive last sold in May 2022 for £125,000. Based on price growth in the NE8 district since then, its estimated current value is £123,282 — placing it in the 7th percentile nationally and the 44th percentile within NE8. The property covers 55 m² (592 sq ft), giving an estimated value of £2,241 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    592 sq ft

    55 m²

    Last Sale Price

    £125,000

    May 2022

    Estimated Valuation

    £123,282

    Est. £/sq ft

    £208/sq ft

    £2,241/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formNot available
    Construction age2013
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentC
    EPC potentialC
    Floor area592 sq ft (55 m²)
    EPC dateFeb 2015
    WallsAverage thermal transmittance 0.37 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    20 May 2022

    £125,000

    27 Nov 2015

    New build

    £113,995

    Key Metrics

    Estimated valuation£123,282
    Value per sq ft / m²£208/sq ft (£2,241/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile44th percentile
    National percentile7th 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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