According to the public record, 11, Springfield Place, Gateshead is a mid-century freehold house with 882 ft2 of internal area and sits on a 125 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Springfield Place, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
11, Springfield Place, Gateshead has a single entry in the Land Registry database from July 2022 and a single entry in the EPC database dated August 2015.
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 Springfield Place Gateshead as £139,199 and the rental value as £904 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 11 Springfield Place Gateshead has increased by £2,249 (1.6%) and its rental value has increased by £78 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 11, Springfield Place, Gateshead is in very good condition we estimate a sale value of £146,159 and rental value of £949 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £129,455 and a rental value of £840 per month.
If you were able to purchase this property for the estimated value of £139,199, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £684 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, 11, Springfield Place, Gateshead sits on a plot of 125m2.
We have plot size data on 17 out of 36 other houses in the postcode and 11, Springfield Place, Gateshead sits on the 8th largest plot.
According to HM Land Registry, 11, Springfield Place, Gateshead was last sold on 01 Jul 2022 for £60,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2022, the market for similar properties has risen 2.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 11, Springfield Place, Gateshead within a radius of 510 metres over the last 2 years.
The most recent example is 32, Springfield Place, Gateshead, NE9 5UQ, a Freehold house which sold for £125,000 in Mar 2021.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Springfield Place, Gateshead, NE9 has a total of 48 addresses. According to our analysis of all the public data, 11, Springfield Place, Gateshead is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £17k less expensive than the average property in NE9.
11, Springfield Place, Gateshead has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 20 Aug 2015.
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 11, Springfield Place, Gateshead is Heworth station which is 2.4 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 11, Springfield Place, Gateshead, 26.6% of property is privately owned with a mortgage and 26.6% 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 11, Springfield Place, Gateshead, 7.7% of residents are recorded as possessing school level qualifications and 32.5% 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, Springfield Place, 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, Springfield Place, Gateshead, 0.4% 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, Springfield Place, 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.