41 Melrose Avenue

    41, MELROSE AVENUE, GATESHEAD, GATESHEAD, NE9 5YD

    This flat/maisonette leasehold property on Melrose Avenue last sold in July 2007 for £137,500. Based on price growth in the NE9 district since then, its estimated current value is £149,875 — placing it in the 12th percentile nationally and the 35th percentile within NE9. The property covers 43 m² (463 sq ft), giving an estimated value of £3,485 per m². The EPC rating is E, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    463 sq ft

    43 m²

    Last Sale Price

    £137,500

    Jul 2007

    Estimated Valuation

    £149,875

    Est. £/sq ft

    £324/sq ft

    £3,485/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1950-1966
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentE
    EPC potentialC
    Floor area463 sq ft (43 m²)
    EPC dateApr 2017
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    13 Jul 2007

    £137,500

    30 Sept 2005

    £118,000

    27 May 2005

    £92,000

    Key Metrics

    Estimated valuation£149,875
    Value per sq ft / m²£324/sq ft (£3,485/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE9 district percentile35th percentile
    National percentile12th 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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