According to the public record, 11, Southend Road, Gateshead is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a early-century apartment with 711 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Southend Road, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
11, Southend Road, Gateshead has 31 entries in the Land Registry database, most recently in April 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 11 Southend Road Gateshead as £120,803 and the rental value as £787 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 11 Southend Road Gateshead has increased by £3,632 (3.0%) and its rental value has increased by £80 per month (10.2%).
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, Southend Road, Gateshead is in very good condition we estimate a sale value of £126,843 and rental value of £826 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £112,347 and a rental value of £732 per month.
If you were able to purchase this property for the estimated value of £120,803, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £594 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, Southend Road, Gateshead was last sold on 20 Apr 2007 for £114,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Apr 2007, the market for similar properties has risen 1.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 11, Southend Road, Gateshead within a radius of 520 metres over the last 2 years.
The most recent example is 15, Southend Road, Gateshead, NE9 6XR, a Leasehold flat which sold for £120,500 in Oct 2022.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Southend Road, Gateshead, NE9 has a total of 96 addresses. According to our analysis of all the public data, 11, Southend Road, Gateshead is the 58th largest and the 72nd most expensive property on the street.
When compared to the postcode district it is £36k less expensive than the average property in NE9.
The closest station to 11, Southend Road, Gateshead is Heworth station which is 2.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 11, Southend Road, Gateshead, 45.0% of property is privately owned outright and 29.4% 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, Southend Road, Gateshead, 12.8% of residents are recorded as possessing school level qualifications and 20.1% 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, Southend Road, 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, Southend Road, 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 11, Southend Road, Gateshead, there are an average of 1.2 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.