According to the public record, 118, Meadow Lane, Gateshead is a mid-century leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Meadow Lane, Gateshead, NE11 is located in the borough of Gateshead within the NE11 postal district.
118, Meadow Lane, Gateshead has 41 entries in the Land Registry database, most recently in December 2020 and a single entry in the EPC database dated September 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
1Sales dated prior to 2007 are shown, but are not used in our calculations.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 118 Meadow Lane Gateshead as £75,743 and the rental value as £586 per month giving an expected gross yield of 9.3%.
Over the last 12 months the sale value of 118 Meadow Lane Gateshead has increased by £1,722 (2.3%) and its rental value has increased by £57 per month (9.8%).
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 118, Meadow Lane, Gateshead is in very good condition we estimate a sale value of £79,530 and rental value of £616 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £70,441 and a rental value of £545 per month.
If you were able to purchase this property for the estimated value of £75,743, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £372 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, 118, Meadow Lane, Gateshead was last sold on 11 Dec 2020 for £69,950 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Dec 2020, the market for similar properties has risen 11.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 118, Meadow Lane, Gateshead within a radius of 610 metres over the last 2 years.
The most recent example is 129, Meadow Lane, Gateshead, NE11 9PP, a Leasehold flat which sold for £72,000 in Jan 2024.
Read more about house prices in NE11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Meadow Lane, Gateshead, NE11 has a total of 134 addresses. According to our analysis of all the public data, 118, Meadow Lane, Gateshead is the 74th largest and the 90th most expensive property on the street.
When compared to the postcode district it is £57k less expensive than the average property in NE11.
118, Meadow Lane, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Sep 2013.
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 118, Meadow Lane, Gateshead is Dunston station which is 700 metres 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 118, Meadow Lane, Gateshead, 62.6% of property is socially rented and 15.5% is privately owned outright.
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 118, Meadow Lane, Gateshead, 20.0% of residents are recorded as possessing school level qualifications and 12.0% 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 118, Meadow Lane, Gateshead, the average age was 38.5 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 118, Meadow Lane, 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 118, Meadow Lane, Gateshead, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.