Sold STC Flat

31 PALATINE PLACE

GATESHEAD, TYNE AND WEAR NE11 9SR

2 beds 1 baths 95 m² Listed 9 Dec 2025 (-225d)

£80,000

Offers Over

Reduced on 1 Aug 2025

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# 2 bedroom flat for sale (NE11 9SR)

## Property Details

| Key | Value |
|-----|-------|
| Address | 31 PALATINE PLACE, GATESHEAD, TYNE AND WEAR NE11 9SR |
| Price | £80,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | A |
| Last sold | £75,000 Mar 2026 |

## EPC Rating & Upgrade Cost

- **Current rating:** D
- **Potential rating:** C
- **Expiry date:** 20/09/2030
- **Current heating cost:** £729/year
- **Est. upgrade cost to C:** £1,950

### Recommendations
- B4 (£300 - £600)
- L2 (£1,200 - £1,800)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/3000-0098-0322-1024-3103)

## Description

A MODERN top floor apartment set within this popular development within Dunston.  Benefitting from a secure intercom entry system and an ALLOCATED PARKING SPACE. The living space includes a lounge with open access to a FITTED KITCHEN, two bedrooms and a MODERN BATHROOM.  The development is conveniently situated for access to the local shops and amenities Dunston has to offer whilst transport routes and services provide commuter links to the surrounding areas.

EPC Rating: D

## Property Photos

- ![External](/listings/photos/170144423/1241587) - External
- ![Open Plan Living](/listings/photos/170144423/1241588) - Open Plan Living
- ![Bedroom One](/listings/photos/170144423/1241589) - Bedroom One
- ![Bathroom](/listings/photos/170144423/1241590) - Bathroom
- ![Lounge](/listings/photos/170144423/1241591) - Lounge
- ![Kitchen](/listings/photos/170144423/1241592) - Kitchen
- ![Bedroom One](/listings/photos/170144423/1241593) - Bedroom One
- ![Bedroom Two](/listings/photos/170144423/1241594) - Bedroom Two

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 31 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR | £75,000 | 03/03/2026 | Flat |
| 31 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR | £111,950 | 30/11/2006 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| [Same street] 47 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR | £80,000 | 05/08/2025 | Flat |
| 73 RAVENSWORTH ROAD, GATESHEAD, TYNE AND WEAR, NE11 9AD | £91,000 | 08/12/2023 | Flat |
| 98 HAIG STREET, GATESHEAD, TYNE AND WEAR, NE11 9BN | £77,500 | 30/10/2023 | Flat |
| 110 HAIG STREET, GATESHEAD, TYNE AND WEAR, NE11 9BN | £85,000 | 12/10/2023 | Flat |
| 1A SPOOR STREET, GATESHEAD, TYNE AND WEAR, NE11 9BD | £130,000 | 11/08/2023 | Flat |
| [Same street] 59 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR | £235,000 | 19/06/2023 | Semi-detached |
| [Same street] 7 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR | £96,000 | 29/11/2022 | Flat |
| [Same street] 9 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR | £76,000 | 17/08/2022 | Flat |
| 67 CLEPHAN STREET, GATESHEAD, TYNE AND WEAR, NE11 9BB | £82,500 | 11/08/2022 | Flat |
| 37 RAVENSWORTH ROAD, GATESHEAD, TYNE AND WEAR, NE11 9AB | £75,000 | 02/08/2022 | Flat |
| [Same street] 42 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR | £85,000 | 30/06/2022 | Flat |
| 71 RAVENSWORTH ROAD, GATESHEAD, TYNE AND WEAR, NE11 9AD | £88,000 | 15/06/2022 | Flat |
| 73 RAVENSWORTH ROAD, GATESHEAD, TYNE AND WEAR, NE11 9AD | £88,000 | 15/06/2022 | Flat |
| [Same street] 11 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR | £88,000 | 06/05/2022 | Flat |
| [Same street] 48 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR | £95,000 | 06/05/2022 | Flat |
| 81 RAVENSWORTH ROAD, GATESHEAD, TYNE AND WEAR, NE11 9AD | £93,000 | 25/04/2022 | Flat |
| 79 RAVENSWORTH ROAD, GATESHEAD, TYNE AND WEAR, NE11 9AD | £93,000 | 25/04/2022 | Flat |
| 69 CLEPHAN STREET, GATESHEAD, TYNE AND WEAR, NE11 9BB | £83,000 | 08/04/2022 | Flat |
| [Same street] 28 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR | £81,000 | 20/12/2021 | Flat |
| [Same street] 17 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR | £85,000 | 10/12/2021 | Flat |
| [Same street] 16 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR | £75,000 | 03/12/2021 | Flat |
| 63 RAVENSWORTH ROAD, GATESHEAD, TYNE AND WEAR, NE11 9AD | £59,000 | 02/11/2021 | Flat |
| [Same street] 56 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR | £150,000 | 01/11/2021 | Terraced |
| [Same street] 43 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR | £98,000 | 29/10/2021 | Flat |
| 28 RENFORTH STREET, GATESHEAD, TYNE AND WEAR, NE11 9BE | £74,000 | 12/08/2021 | Flat |
| 26 RENFORTH STREET, GATESHEAD, TYNE AND WEAR, NE11 9BE | £74,000 | 12/08/2021 | Flat |
| 87 RAVENSWORTH ROAD, GATESHEAD, TYNE AND WEAR, NE11 9AD | £70,000 | 04/08/2021 | Flat |

**Street average:** £103,667 (12 sales)
**Area average:** £84,200 (15 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £92,063 (8 Flat, NE11, 2024–2026)
- **Deviation:** -13.1%

## Rental Range

*ONS Price Index of Private Rents (Gateshead). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £711/mo
- **Realistic:** £790/mo
- **Optimistic:** £869/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Tyneside (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £549/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Trevethick Street, NE8 | £675/mo | 2 | 0.98 miles | OpenRent |
| 2 Bed Flat, Bensham, NE8 | £600/mo | 2 | 0.99 miles | OpenRent |
| 2 Bed Flat, Saltwell Place, NE8 | £810/mo | 2 | 1 miles | OpenRent |

**Average rent: £695/mo (3 listings)**

## 1% Rule

- **Rent ratio:** 0.84% (okay)
- **Max investor price (0.8%):** £84,375
- **Target investor price (1%):** £67,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £675/mo).*

- **Gross yield:** 10.1%
- **Cost-to-rent:** 9.9×
- **Monthly cashflow:** £267/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 13.8%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £842/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -17.8%
- **10y growth:** -5.6%

## House Price Index (HM Land Registry)

*Official index for Gateshead; Flats and maisonettes series; as of April 2026.*

- **1y growth (index):** 2.4%
- **5y growth (index):** 7.5%
- **10y growth (index):** 23.9%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

External Open Plan Living Bedroom One Bathroom Lounge Kitchen Bedroom One Bedroom Two

/ 8

Property details

Tenure

LEASEHOLD (104 years remaining on lease)

Floor area

95 m²

Council tax band

EPC rating

Last sold

£75,000 Mar 2026

Price per m²

£842/m²

Local average

£92,063 (-13.1%)

Deprivation

Decile 2 (5,497 of 33,755)

Street crime

142 incidents within 1 mile (May 2026)

Key features

Two Bedroom Top Floor Apartment
Fitted Kitchen
Modern Bathroom
Allocated Parking
Leasehold
Council Tax Band A
EPC Rating D

Additional details

Parking: Yes
Listed property: No
Restrictions: No
Required access: No
Rights of way: No
Flooded in last 5 years: No
Flood defences: No

Description

A MODERN top floor apartment set within this popular development within Dunston. Benefitting from a secure intercom entry system and an ALLOCATED PARKING SPACE. The living space includes a lounge with open access to a FITTED KITCHEN, two bedrooms and a MODERN BATHROOM. The development is conveniently situated for access to the local shops and amenities Dunston has to offer whilst transport routes and services provide commuter links to the surrounding areas.
EPC Rating: D

Listed by

Whickham

Sarah Mains Residential Sales

Reference: 170144423

EPC Rating & Upgrade Cost

Current rating: D

Potential rating: C

Inspection date: 21/09/2020

Expiry date: 20/09/2030

Current heating cost: £729/year

Potential heating cost: £442/year

Est. upgrade cost to C: £1,950

EPC D or below may face future regulation risk. Upgrading to C could improve long-term ROI.

Recommendations

Party wall insulation (£300 - £600)
High heat retention storage heaters (£1,200 - £1,800)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Price history

-33% since 2006

Event	Date	Price	% change
Sold	03/03/2026 (4 months ago)	£75,000	-33%
Sold	30/11/2006 (19 years ago)	£111,950	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
Same street 47 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR	£80,000	05/08/2025	Flat
73 RAVENSWORTH ROAD, GATESHEAD, TYNE AND WEAR, NE11 9AD	£91,000	08/12/2023	Flat
98 HAIG STREET, GATESHEAD, TYNE AND WEAR, NE11 9BN	£77,500	30/10/2023	Flat
110 HAIG STREET, GATESHEAD, TYNE AND WEAR, NE11 9BN	£85,000	12/10/2023	Flat
1A SPOOR STREET, GATESHEAD, TYNE AND WEAR, NE11 9BD	£130,000	11/08/2023	Flat
Same street 59 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR	£235,000	19/06/2023	Semi-detached
Same street 7 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR	£96,000	29/11/2022	Flat
Same street 9 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR	£76,000	17/08/2022	Flat
67 CLEPHAN STREET, GATESHEAD, TYNE AND WEAR, NE11 9BB	£82,500	11/08/2022	Flat
37 RAVENSWORTH ROAD, GATESHEAD, TYNE AND WEAR, NE11 9AB	£75,000	02/08/2022	Flat
Same street 42 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR	£85,000	30/06/2022	Flat
71 RAVENSWORTH ROAD, GATESHEAD, TYNE AND WEAR, NE11 9AD	£88,000	15/06/2022	Flat
73 RAVENSWORTH ROAD, GATESHEAD, TYNE AND WEAR, NE11 9AD	£88,000	15/06/2022	Flat
Same street 11 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR	£88,000	06/05/2022	Flat
Same street 48 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR	£95,000	06/05/2022	Flat
81 RAVENSWORTH ROAD, GATESHEAD, TYNE AND WEAR, NE11 9AD	£93,000	25/04/2022	Flat
79 RAVENSWORTH ROAD, GATESHEAD, TYNE AND WEAR, NE11 9AD	£93,000	25/04/2022	Flat
69 CLEPHAN STREET, GATESHEAD, TYNE AND WEAR, NE11 9BB	£83,000	08/04/2022	Flat
Same street 28 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR	£81,000	20/12/2021	Flat
Same street 17 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR	£85,000	10/12/2021	Flat
Same street 16 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR	£75,000	03/12/2021	Flat
63 RAVENSWORTH ROAD, GATESHEAD, TYNE AND WEAR, NE11 9AD	£59,000	02/11/2021	Flat
Same street 56 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR	£150,000	01/11/2021	Terraced
Same street 43 PALATINE PLACE, GATESHEAD, TYNE AND WEAR, NE11 9SR	£98,000	29/10/2021	Flat
28 RENFORTH STREET, GATESHEAD, TYNE AND WEAR, NE11 9BE	£74,000	12/08/2021	Flat
26 RENFORTH STREET, GATESHEAD, TYNE AND WEAR, NE11 9BE	£74,000	12/08/2021	Flat
87 RAVENSWORTH ROAD, GATESHEAD, TYNE AND WEAR, NE11 9AD	£70,000	04/08/2021	Flat

Street average: £103,667 (12 sales)

Area average: £84,200 (15 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -17.8%

10y growth -5.6%

House Price Index (HM Land Registry — official index, not sold-price averages): Gateshead. Series: Flats and maisonettes. As of April 2026.

1y (index) 2.4%

5y (index) 7.5%

10y (index) 23.9%

Company ownership

Registered legal owner is a company.

Company-owned (UK company)

Company: VEGA HOLDCO 4 LIMITED (09133980)

Rental Range

Estimated market rent for Gateshead. Low = conservative, Realistic = average, Optimistic = best case.

Low £711/mo

Realistic £790/mo

Optimistic £869/mo

Based on Local Authority from postcode lookup → Gateshead.

LHA (30th percentile) floor for Tyneside: £549/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View NE11 9SR

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Train station	Dunston	0.0 miles
Bus stop	Dunston	0.0 miles
Shop	Premier	0.1 miles
Shop	Ladbrokes	0.1 miles
Train station	MetroCentre	1.1 miles
University	Unknown	4.5 miles
University	Northumbria University Coach Lane Campus	4.7 miles
Hospital	Sunderland Primary care Trust	7.9 miles
Hospital	Ferndene - Children and Young Peoples Inpatient Service	7.9 miles

Street-level crime

Category	Count
Violence and sexual offences	41
Anti-social behaviour	34
Criminal damage and arson	16
Public order	10
Vehicle crime	10
Burglary	7
Other theft	7
Theft from the person	6
Other crime	4
Drugs	2
Shoplifting	2
Bicycle theft	1
Possession of weapons	1
Robbery	1
Total incidents	142

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
St Philip Neri Catholic Primary School, Dunston	Primary	0.2 miles	Good — 21 May 2012
Riverside Primary Academy	Primary	0.4 miles	Good — 31 Jan 2024
Dunston Hill Community Primary School	Primary	0.5 miles	Good — 27 Mar 2013
Kingsmeadow Community School	Secondary	0.5 miles	Good — 18 Oct 2021
Eslington Primary School	Other	0.7 miles	Outstanding — 2 May 2017

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
2 Bed Flat, Trevethick Street, NE8	£675/mo	2	0.98 miles	OpenRent
2 Bed Flat, Bensham, NE8	£600/mo	2	0.99 miles	OpenRent
2 Bed Flat, Saltwell Place, NE8	£810/mo	2	1 miles	OpenRent

Average rent: £695/mo (3 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.84%

Max investor price (0.8%) £84,375

Target investor price (1%) £67,500

Gross yield 10.1%

Cost-to-rent ratio 9.9×

Monthly cashflow £267/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 13.8%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).