According to the public record, 138, Kells Lane, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 996 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Kells Lane, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
138, Kells Lane, Gateshead has 31 entries in the Land Registry database, most recently in March 2014 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 138 Kells Lane Gateshead as £152,362 and the rental value as £942 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 138 Kells Lane Gateshead has increased by £1,911 (1.3%) and its rental value has increased by £78 per month (8.2%).
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 138, Kells Lane, Gateshead is in very good condition we estimate a sale value of £159,980 and rental value of £989 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £141,696 and a rental value of £876 per month.
If you were able to purchase this property for the estimated value of £152,362, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £749 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, 138, Kells Lane, Gateshead was last sold on 03 Mar 2014 for £140,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Mar 2014, the market for similar properties has risen 26.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 138, Kells Lane, Gateshead within a radius of 450 metres over the last 2 years.
The most recent example is 140, Kells Lane, Gateshead, NE9 5HY, a Freehold house which sold for £136,500 in Jun 2021.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Kells Lane, Gateshead, NE9 has a total of 183 addresses. According to our analysis of all the public data, 138, Kells Lane, Gateshead is the 98th largest and the 121st most expensive property on the street.
When compared to the postcode district it is £4k less expensive than the average property in NE9.
The closest station to 138, Kells Lane, Gateshead is Heworth station which is 3.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 138, Kells Lane, Gateshead, 33.1% of property is privately owned with a mortgage and 33.1% is privately rented.
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 138, Kells Lane, Gateshead, 5.2% of residents are recorded as possessing school level qualifications and 35.1% 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 138, Kells Lane, Gateshead, the average age was 43.8 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 138, Kells 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 138, Kells Lane, 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.