According to the public record, 1 Red Lion Buildings, Gateshead is a period freehold house with 828 ft2 of internal area and sits on a 88.2 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Eighton Banks, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
1 Red Lion Buildings, Gateshead has a single entry in the Land Registry database from March 2022 and a single entry in the EPC database dated September 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Red Lion Buildings Gateshead as £196,709 and the rental value as £1,008 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 1 Red Lion Buildings Gateshead has increased by £2,931 (1.5%) and its rental value has increased by £88 per month (8.7%).
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 Red Lion Buildings, Gateshead is in very good condition we estimate a sale value of £206,544 and rental value of £1,058 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £182,939 and a rental value of £937 per month.
If you were able to purchase this property for the estimated value of £196,709, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £967 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 data from HM Land Registry, 1 Red Lion Buildings, Gateshead sits on a plot of 88m2.
We have plot size data on 4 out of 4 other houses in the postcode and 1 Red Lion Buildings, Gateshead sits on the largest plot.
According to HM Land Registry, 1 Red Lion Buildings, Gateshead was last sold on 25 Mar 2022 for £235,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2022, the market for similar properties has risen 4.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1 Red Lion Buildings, Gateshead within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 14, Prospect Terrace, Gateshead, NE9 7YE, a Freehold house which sold for £211,000 in Feb 2024.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eighton Banks, Gateshead, NE9 has a total of 8 addresses. According to our analysis of all the public data, 1 Red Lion Buildings, Gateshead is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £40k more expensive than the average property in NE9.
1 Red Lion Buildings, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Sep 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1 Red Lion Buildings, Gateshead is Heworth station which is 4.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 1 Red Lion Buildings, Gateshead, 41.2% of property is privately owned outright and 35.9% is privately owned with a mortgage.
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 Red Lion Buildings, Gateshead, 11.1% of residents are recorded as possessing school level qualifications and 39.4% 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 Red Lion Buildings, Gateshead, the average age was 39.6 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 Red Lion Buildings, 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 Red Lion Buildings, Gateshead, there are an average of 1.3 cars per household.
See below for how this compares to North East and the rest of England & Wales.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.