According to the public record, 1, Blacklock Close, Gateshead is a modern leasehold apartment with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Blacklock Close, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
1, Blacklock Close, Gateshead has a single entry in the Land Registry database from November 2006 and a single entry in the EPC database dated April 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Blacklock Close Gateshead as £92,939 and the rental value as £670 per month giving an expected gross yield of 8.7%.
Over the last 12 months the sale value of 1 Blacklock Close Gateshead has increased by £2,312 (2.5%) and its rental value has increased by £65 per month (9.7%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Blacklock Close, Gateshead is in very good condition we estimate a sale value of £97,586 and rental value of £703 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £86,433 and a rental value of £623 per month.
If you were able to purchase this property for the estimated value of £92,939, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £457 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1, Blacklock Close, Gateshead was last sold on 10 Nov 2006 for £120,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Blacklock Close, Gateshead within a radius of 530 metres over the last 2 years.
The most recent example is 9, Blacklock Close, Gateshead, NE9 6AS, a Leasehold flat which sold for £98,000 in Aug 2023.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Blacklock Close, Gateshead, NE9 has a total of 35 addresses. According to our analysis of all the public data, 1, Blacklock Close, Gateshead is the 31st largest and the 31st most expensive property on the street.
When compared to the postcode district it is £64k less expensive than the average property in NE9.
1, Blacklock Close, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Apr 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 1, Blacklock Close, Gateshead is Heworth station which is 2.5 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Blacklock Close, Gateshead, 48.8% of property is socially rented and 20.1% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Blacklock Close, Gateshead, 13.3% of residents are recorded as possessing school level qualifications and 21.2% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Blacklock Close, Gateshead, the average age was 43.8 and the most common age was 57.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Blacklock Close, Gateshead, 0.0% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Blacklock Close, Gateshead, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.