According to the public record, 10, Elmfield Terrace, Gateshead is a period leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Elmfield Terrace, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
10, Elmfield Terrace, Gateshead has a single entry in the Land Registry database from January 2008 and a single entry in the EPC database dated September 2014.
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 10 Elmfield Terrace Gateshead as £88,673 and the rental value as £673 per month giving an expected gross yield of 9.1%.
Over the last 12 months the sale value of 10 Elmfield Terrace Gateshead has increased by £2,925 (3.3%) and its rental value has increased by £67 per month (10.0%).
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 10, Elmfield Terrace, Gateshead is in very good condition we estimate a sale value of £93,106 and rental value of £706 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £82,465 and a rental value of £626 per month.
If you were able to purchase this property for the estimated value of £88,673, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £436 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, 10, Elmfield Terrace, Gateshead was last sold on 18 Jan 2008 for £95,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2008, the market for similar properties has risen 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 10, Elmfield Terrace, Gateshead within a radius of 660 metres over the last 2 years.
The most recent example is 15, Portland Street, Gateshead, NE10 0XX, a Leasehold flat which sold for £79,000 in Dec 2023.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Elmfield Terrace, Gateshead, NE10 has a total of 12 addresses. According to our analysis of all the public data, 10, Elmfield Terrace, Gateshead is the 9th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £68k less expensive than the average property in NE10.
10, Elmfield Terrace, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Sep 2014.
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 10, Elmfield Terrace, Gateshead is Heworth station which is 500 metres 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 10, Elmfield Terrace, Gateshead, 55.8% of property is privately rented and 23.3% 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 10, Elmfield Terrace, Gateshead, 11.0% of residents are recorded as possessing school level qualifications and 38.3% 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 10, Elmfield Terrace, Gateshead, the average age was 39.7 and the most common age was 27.
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 10, Elmfield Terrace, Gateshead, 0.5% 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 10, Elmfield Terrace, Gateshead, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.