42 Arkwright Street, Gateshead, NE8 4TY is a leasehold flat built between 1930-1949. The property offers approximately 474 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £61,324 , which equates to approximately £130 per square foot. It was last sold on 5 Mar 2004 for £43,000. Since then, the value has increased by £18,324, representing a 42.6% increase, or approximately 2.0% per year.

The current estimated value of £61,324 is:

  • 36.9% lower than the average property price on Arkwright Street
  • 31.3% lower than the average in the NE8 4TY postcode area
  • and 64.4% lower than the average price for Gateshead as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 13 December 2013, the property was recorded as owner-occupied.

View sold house prices in NE8 4TY

Building approximate location

About Property

Type
Flat
Built
1930-1949
Interior Size
474 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£61,324
Price Per sq ft (estimate)
£130
Bedroom Count (estimate)
1 bedroom

EPC Summary

42 Arkwright Street, Gateshead, Tyne And Wear, NE8 4TY has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 13 Dec 2013.

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 single glazed.

The previous EPC assessment was conducted on 7 Aug 2013, when the property was rated C. The current rating of D reflects a decline in energy efficiency of 10.1%.

Since the previous assessment, several changes were observed:

  • The roof construction or insulation changed from pitched, 250 mm loft insulation to pitched, 300+ mm loft insulation, improving energy efficiency from good to very good.
  • The windows were upgraded from fully double glazed to single glazed.
  • The lighting was updated from no low energy lighting to low energy lighting in 17% of fixed outlets, with efficiency improving from very poor to poor.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Roof
Pitched, 300+ mm loft insulation
Very Good
Walls
Cavity wall, as built, no insulation (assumed)
Poor
Windows
Single glazed
Very Poor
Lighting
Low energy lighting in 17% of fixed outlets
Poor

Compared to NE8 4TY

20 th / 21
Price Rank
31% lower than average
18 th / 18
Size Rank
39% smaller than average
10 th / 18
Price Per Sq FT Rank
13% higher than average

Compared to other properties in NE8 4TY , this flat's estimated value ranks 20th out of 21. Based on price per square foot, it ranks 10th out of 18 properties. In terms of size, this home ranks 18th out of 18 properties in its postcode area.

Sale History

Today
£61,324
streetscan.co.uk estimate
+43 %
5 Mar 2004
£43,000
Leasehold

Area Insights

Nearby Properties

rooms: 2
size: 570 sq ft
sale price: £52,500
sale date: 15 Sep 2014
rooms: 5
size: 1216 sq ft
sale price: £150,000
sale date: 30 Aug 2019
rooms: 3
size: 635 sq ft
sale price: £68,000
sale date: 24 Feb 2006
rooms: 3
size: 657 sq ft
sale price: £68,000
sale date: 24 Feb 2006
rooms: 4
size: 732 sq ft
sale price: £32,000
sale date: 4 Feb 2003

Data Sources

The property at 42 Arkwright Street, Gateshead, Tyne And Wear, NE8 4TY appears once in the Land Registry records, with the transaction recorded on 5 Mar 2004. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 13 Dec 2013. 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.