According to the public record, 11, Stephenson Street, Gateshead is a period leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Stephenson Street, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
11, Stephenson Street, Gateshead has a single entry in the Land Registry database from May 2007 and a single entry in the EPC database dated June 2023.
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 Stephenson Street Gateshead as £59,053 and the rental value as £458 per month giving an expected gross yield of 9.3%.
Over the last 12 months the sale value of 11 Stephenson Street Gateshead has increased by £1,878 (3.2%) and its rental value has increased by £45 per month (9.9%).
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, Stephenson Street, Gateshead is in very good condition we estimate a sale value of £62,006 and rental value of £481 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £54,920 and a rental value of £426 per month.
If you were able to purchase this property for the estimated value of £59,053, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £290 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, Stephenson Street, Gateshead was last sold on 25 May 2007 for £83,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2007, the market for similar properties has dropped 5.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 11, Stephenson Street, Gateshead within a radius of 420 metres over the last 2 years.
The most recent example is 26, Rawling Road, Gateshead, NE8 4QR, a Leasehold flat which sold for £54,000 in Mar 2024.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Stephenson Street, Gateshead, NE8 has a total of 21 addresses. According to our analysis of all the public data, 11, Stephenson Street, Gateshead is the 18th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £74k less expensive than the average property in NE8.
11, Stephenson Street, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Jun 2023.
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, Stephenson Street, Gateshead is Dunston station which is 1.5 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, Stephenson Street, Gateshead, 46.8% of property is privately rented and 38.1% is socially 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, Stephenson Street, Gateshead, 25.1% of residents are recorded as possessing school level qualifications and 16.6% 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, Stephenson Street, Gateshead, the average age was 38.1 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 11, Stephenson Street, 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, Stephenson Street, Gateshead, there are an average of 0.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.