According to the public record, 116, Sherburn Way, Gateshead is a mid-century freehold house with 688 ft2 of internal area and sits on a 213 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Sherburn Way, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
116, Sherburn Way, Gateshead has a single entry in the Land Registry database from August 2016 and a single entry in the EPC database dated April 2016.
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 116 Sherburn Way Gateshead as £183,234 and the rental value as £982 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 116 Sherburn Way Gateshead has increased by £3,585 (2.0%) and its rental value has increased by £86 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 116, Sherburn Way, Gateshead is in very good condition we estimate a sale value of £192,395 and rental value of £1,031 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £170,407 and a rental value of £913 per month.
If you were able to purchase this property for the estimated value of £183,234, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £901 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, 116, Sherburn Way, Gateshead sits on a plot of 213m2.
We have plot size data on 38 out of 75 other houses in the postcode and 116, Sherburn Way, Gateshead sits on the 29th largest plot.
According to HM Land Registry, 116, Sherburn Way, Gateshead was last sold on 18 Aug 2016 for £170,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2016, the market for similar properties has risen 25.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 116, Sherburn Way, Gateshead within a radius of 710 metres over the last 2 years.
The most recent example is 15, Follingsby Drive, Gateshead, NE10 8YH, a Freehold house which sold for £147,500 in Aug 2023.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sherburn Way, Gateshead, NE10 has a total of 155 addresses. According to our analysis of all the public data, 116, Sherburn Way, Gateshead is the 114th largest and the 74th most expensive property on the street.
When compared to the postcode district it is £27k more expensive than the average property in NE10.
116, Sherburn Way, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Apr 2016.
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 116, Sherburn Way, Gateshead is Heworth station which is 2.0 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 116, Sherburn Way, Gateshead, 59.1% of property is privately owned outright and 31.8% 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 116, Sherburn Way, Gateshead, 8.3% of residents are recorded as possessing school level qualifications and 30.8% 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 116, Sherburn Way, Gateshead, the average age was 45.1 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 116, Sherburn Way, 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 116, Sherburn Way, 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.