According to the public record, 12, Kelso Place, Gateshead is a early-century apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Kelso Place, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
12, Kelso Place, Gateshead has no records in the Land Registry database and a single entry in the EPC database dated December 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 12 Kelso Place Gateshead as £74,454 and the rental value as £590 per month giving an expected gross yield of 9.5%.
Over the last 12 months the sale value of 12 Kelso Place Gateshead has increased by £2,306 (3.1%) and its rental value has increased by £58 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 12, Kelso Place, Gateshead is in very good condition we estimate a sale value of £78,177 and rental value of £620 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £69,242 and a rental value of £549 per month.
If you were able to purchase this property for the estimated value of £74,454, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £366 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 12, Kelso Place, Gateshead within a radius of 490 metres over the last 2 years.
The most recent example is Apartment 11, Bramwell Court, Derwentwater Road, Gateshead, NE8 2SB, a Leasehold flat which sold for £70,500 in Aug 2021.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Kelso Place, Gateshead, NE8 has a total of 20 addresses. According to our analysis of all the public data, 12, Kelso Place, Gateshead is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £58k less expensive than the average property in NE8.
12, Kelso Place, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Dec 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 12, Kelso Place, Gateshead is Dunston station which is 1.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 12, Kelso Place, Gateshead, 55.6% of property is socially rented and 19.5% 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, Kelso Place, Gateshead, 24.4% of residents are recorded as possessing school level qualifications and 23.8% 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 12, Kelso Place, 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 12, Kelso Place, Gateshead, 0.4% 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, Kelso Place, 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.