According to the public record, 11, Louie Terrace, Gateshead is a early-century leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Louie Terrace, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
11, Louie Terrace, Gateshead has 31 entries in the Land Registry database, most recently in August 2023 and a single entry in the EPC database dated November 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 11 Louie Terrace Gateshead as £132,123 and the rental value as £810 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 11 Louie Terrace Gateshead has increased by £4,212 (3.2%) and its rental value has increased by £83 per month (10.3%).
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 11, Louie Terrace, Gateshead is in very good condition we estimate a sale value of £138,729 and rental value of £851 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £122,874 and a rental value of £753 per month.
If you were able to purchase this property for the estimated value of £132,123, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £649 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, 11, Louie Terrace, Gateshead was last sold on 25 Aug 2023 for £125,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Aug 2023, the market for similar properties has risen 3.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 11, Louie Terrace, Gateshead within a radius of 470 metres over the last 2 years.
The most recent example is 64, Beacon Street, Gateshead, NE9 5XN, a Leasehold flat which sold for £118,560 in May 2024.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Louie Terrace, Gateshead, NE9 has a total of 11 addresses. According to our analysis of all the public data, 11, Louie Terrace, Gateshead is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £24k less expensive than the average property in NE9.
11, Louie Terrace, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Nov 2022.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 11, Louie Terrace, Gateshead is Heworth station which is 3.1 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 11, Louie Terrace, Gateshead, 37.3% of property is privately owned outright and 33.3% 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 11, Louie Terrace, Gateshead, 17.5% of residents are recorded as possessing school level qualifications and 54.0% 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 11, Louie Terrace, 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 11, Louie Terrace, Gateshead, 3.9% 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 11, Louie Terrace, Gateshead, there are an average of 1.1 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.