According to the public record, 117, Saltwell Road, Gateshead is a period apartment with 1,108 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Saltwell Road, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
117, Saltwell Road, Gateshead has no records in the Land Registry database and a single entry in the EPC database dated October 2021.
We combine this information with public data 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 117 Saltwell Road Gateshead as £94,566 and the rental value as £693 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of 117 Saltwell Road Gateshead has increased by £3,006 (3.2%) and its rental value has increased by £69 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 117, Saltwell Road, Gateshead is in very good condition we estimate a sale value of £99,295 and rental value of £728 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £87,947 and a rental value of £645 per month.
If you were able to purchase this property for the estimated value of £94,566, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £465 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 117, Saltwell Road, Gateshead within a radius of 390 metres over the last 2 years.
The most recent example is 267, Rawling Road, Gateshead, NE8 4QU, a Leasehold flat which sold for £39,999 in Aug 2019.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Saltwell Road, Gateshead, NE8 has a total of 252 addresses. According to our analysis of all the public data, 117, Saltwell Road, Gateshead is the 78th largest and the 173rd most expensive property on the street.
When compared to the postcode district it is £38k less expensive than the average property in NE8.
117, Saltwell Road, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Oct 2021.
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 117, Saltwell Road, Gateshead is Dunston station which is 1.7 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 117, Saltwell Road, Gateshead, 34.5% of property is privately rented and 31.9% 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 117, Saltwell Road, Gateshead, 25.3% of residents are recorded as possessing school level qualifications and 33.6% 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 117, Saltwell Road, Gateshead, the average age was 35.8 and the most common age was 32.
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 117, Saltwell 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 117, Saltwell Road, 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.