28 Melrose Avenue

    28, MELROSE AVENUE, GATESHEAD, NE9 5YD

    This terraced freehold property on Melrose Avenue last sold in November 2020 for £250,000. Based on price growth in the NE9 district since then, its estimated current value is £288,526 — placing it in the 47th percentile nationally and the 77th percentile within NE9. The property covers 108 m² (1,163 sq ft), giving an estimated value of £2,672 per m². The EPC rating is E, with a potential rating of C.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    1,163 sq ft

    108 m²

    Last Sale Price

    £250,000

    Nov 2020

    Estimated Valuation

    £288,526

    Est. £/sq ft

    £248/sq ft

    £2,672/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentE
    EPC potentialC
    Floor area1,163 sq ft (108 m²)
    EPC dateMay 2020
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    30 Nov 2020

    £250,000

    4 Apr 2016

    £262,500

    14 May 2010

    £215,000

    23 Aug 2006

    £125,000

    Key Metrics

    Estimated valuation£288,526
    Value per sq ft / m²£248/sq ft (£2,672/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE9 district percentile77th percentile
    National percentile47th percentile

    District Context — NE9

    NE9 covers Gateshead and surrounding areas in Tyne and Wear, south of the River Tyne. It is a mixed residential district with a blend of urban and suburban character, offering good transport links and community amenities.

    Average Property Price - NE9

    £217,116

    17

    National percentile

    Average Net Household Income - NE9

    £34,891

    31

    National percentile

    10-Year Annualised Price Growth - NE9

    2.5%

    16

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE9

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