According to the public record, 16, Wood Terrace, Gateshead is a period leasehold apartment with 1,216 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Wood Terrace, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
16, Wood Terrace, Gateshead has 2 entries in the Land Registry database, most recently in September 2023 and a single entry in the EPC database dated July 2023.
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 16 Wood Terrace Gateshead as £120,603 and the rental value as £858 per month giving an expected gross yield of 8.5%.
Over the last 12 months the sale value of 16 Wood Terrace Gateshead has increased by £4,480 (3.7%) and its rental value has increased by £87 per month (10.1%).
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 16, Wood Terrace, Gateshead is in very good condition we estimate a sale value of £126,633 and rental value of £901 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £112,161 and a rental value of £798 per month.
If you were able to purchase this property for the estimated value of £120,603, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £593 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, 16, Wood Terrace, Gateshead was last sold on 29 Sep 2023 for £113,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2023, the market for similar properties has risen 3.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Wood Terrace, Gateshead within a radius of 760 metres over the last 2 years.
The most recent example is 88, Station Road, Gateshead, NE10 0UH, a Leasehold flat which sold for £76,000 in Jul 2010.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wood Terrace, Gateshead, NE10 has a total of 18 addresses. According to our analysis of all the public data, 16, Wood Terrace, Gateshead is the largest and the most expensive property on the street.
When compared to the postcode district it is £36k less expensive than the average property in NE10.
16, Wood Terrace, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Jul 2023.
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 16, Wood Terrace, Gateshead is Heworth station which is 1.2 kilometres 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 16, Wood Terrace, Gateshead, 34.8% of property is privately rented and 34.0% 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 16, Wood Terrace, Gateshead, 14.8% of residents are recorded as possessing school level qualifications and 38.2% 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 16, Wood Terrace, 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 16, Wood Terrace, 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 16, Wood Terrace, Gateshead, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.