# 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)