According to the public record, 14, Market Lane, Gateshead is a period leasehold apartment with 1,140 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Market Lane, Gateshead, NE11 is located in the borough of Gateshead within the NE11 postal district.
14, Market Lane, Gateshead has 21 entries in the Land Registry database, most recently in November 2018 and a single entry in the EPC database dated June 2018.
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 14 Market Lane Gateshead as £113,503 and the rental value as £832 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of 14 Market Lane Gateshead has increased by £2,725 (2.4%) and its rental value has increased by £83 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 14, Market Lane, Gateshead is in very good condition we estimate a sale value of £119,178 and rental value of £874 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £105,558 and a rental value of £774 per month.
If you were able to purchase this property for the estimated value of £113,503, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £558 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, 14, Market Lane, Gateshead was last sold on 23 Nov 2018 for £85,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2018, the market for similar properties has risen 18.3%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 14, Market Lane, Gateshead within a radius of 700 metres over the last 2 years.
The most recent example is 38, Market Lane, Gateshead, NE11 9NY, a Leasehold flat which sold for £50,000 in Jun 2017.
Read more about house prices in NE11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Market Lane, Gateshead, NE11 has a total of 95 addresses. According to our analysis of all the public data, 14, Market Lane, Gateshead is the 23rd largest and the 59th most expensive property on the street.
When compared to the postcode district it is £19k less expensive than the average property in NE11.
14, Market Lane, Gateshead has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 14 Jun 2018.
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 14, Market Lane, Gateshead is Dunston station which is 800 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 14, Market Lane, Gateshead, 33.1% of property is privately rented and 24.0% 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 14, Market Lane, Gateshead, 13.9% of residents are recorded as possessing school level qualifications and 39.2% 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 14, Market Lane, Gateshead, the average age was 43.4 and the most common age was 52.
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 14, Market Lane, Gateshead, 2.2% 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 14, Market Lane, Gateshead, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.