According to the public record, 12, George Street, Gateshead is a period leasehold apartment with 730 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
George Street, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
12, George Street, Gateshead has 41 entries in the Land Registry database, most recently in February 2020 and a single entry in the EPC database dated February 2009.
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 12 George Street Gateshead as £81,239 and the rental value as £616 per month giving an expected gross yield of 9.1%.
Over the last 12 months the sale value of 12 George Street Gateshead has increased by £2,680 (3.3%) and its rental value has increased by £61 per month (10.0%).
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 12, George Street, Gateshead is in very good condition we estimate a sale value of £85,301 and rental value of £646 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £75,552 and a rental value of £572 per month.
If you were able to purchase this property for the estimated value of £81,239, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £399 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, 12, George Street, Gateshead was last sold on 25 Feb 2020 for £55,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Feb 2020, the market for similar properties has risen 16.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, George Street, Gateshead within a radius of 680 metres over the last 2 years.
The most recent example is 30, George Street, Gateshead, NE10 0XT, a Leasehold flat which sold for £73,500 in Nov 2023.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
George Street, Gateshead, NE10 has a total of 28 addresses. According to our analysis of all the public data, 12, George Street, Gateshead is the 22nd largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £75k less expensive than the average property in NE10.
12, George Street, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Feb 2009.
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 12, George Street, Gateshead is Heworth station which is 500 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 12, George Street, Gateshead, 55.8% of property is privately rented and 23.3% 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 12, George Street, Gateshead, 11.0% of residents are recorded as possessing school level qualifications and 38.3% 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 12, George Street, Gateshead, the average age was 39.7 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 12, George Street, Gateshead, 0.5% 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 12, George Street, Gateshead, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.