23 Westminster Street, Gateshead, NE8 4QE is a leasehold flat built between 1900-1929. The property offers approximately 797 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £61,986 , which equates to approximately £78 per square foot. It was last sold on 26 Nov 2014 for £51,000. Since then, the value has increased by £10,986, representing a 21.5% increase, or approximately 1.9% per year.

The current estimated value of £61,986 is:

  • 24.3% lower than the average property price on Westminster Street
  • 40.6% lower than the average in the NE8 4QE postcode area
  • and 64.9% lower than the average price for Gateshead as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded once as rented and once as owner-occupied, indicating a change in how it was used over time.

At the most recent EPC inspection on 25 February 2022, the property was recorded as rented.

View sold house prices in NE8 4QE

Building approximate location

About Property

Type
Flat
Built
1900-1929
Interior Size
797 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£61,986
Price Per sq ft (estimate)
£78
Bedroom Count (estimate)
2 bedrooms

EPC Summary

23 Westminster Street, Gateshead, Tyne And Wear, NE8 4QE has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 25 Feb 2022.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 27 Jun 2011. The rating of D is unchanged, though the energy efficiency score decreased by 2.9%.

Since the previous assessment, several changes were observed:

  • The roof construction or insulation changed from pitched, 100 mm loft insulation to pitched, 270 mm loft insulation, improving energy efficiency from average to good.
  • The wall energy efficiency improving from very poor to poor, with the construction or insulation remaining solid brick, as built, no insulation (assumed).
  • The lighting was updated from low energy lighting in 44% of fixed outlets to no low energy lighting, with efficiency changing from average to very poor.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Roof
Pitched, 270 mm loft insulation
Good
Walls
Solid brick, as built, no insulation (assumed)
Poor
Windows
Fully double glazed
Average
Lighting
No low energy lighting
Very Poor

Compared to NE8 4QE

38 th / 54
Price Rank
41% lower than average
16 th / 34
Size Rank
6% bigger than average
28 th / 34
Price Per Sq FT Rank
44% lower than average

Compared to other properties in NE8 4QE , this flat's estimated value ranks 38th out of 54. Based on price per square foot, it ranks 28th out of 34 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 16th out of 34 properties in its postcode area.

Sale History

Today
£61,986
streetscan.co.uk estimate
+22 %
26 Nov 2014
£51,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 721 sq ft
sale price: £43,000
sale date: 15 Oct 2024
rooms: 3
size: 743 sq ft
sale price: £75,500
sale date: 26 Jul 2022
rooms: 4
size: 774 sq ft
sale price: £64,000
sale date: 14 Dec 2018
rooms: 4
size: 753 sq ft
sale price: £50,000
sale date: 12 Nov 2018
rooms: 3
size: 764 sq ft
sale price: £66,750
sale date: 3 Nov 2017

Data Sources

The property at 23 Westminster Street, Gateshead, Tyne And Wear, NE8 4QE appears once in the Land Registry records, with the transaction recorded on 26 Nov 2014. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 25 Feb 2022. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.