According to the public record, 162, Millford, Gateshead is a mid-century leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Millford, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
162, Millford, Gateshead has 31 entries in the Land Registry database, most recently in August 2015 and a single entry in the EPC database dated March 2014.
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 162 Millford Gateshead as £55,146 and the rental value as £446 per month giving an expected gross yield of 9.7%.
Over the last 12 months the sale value of 162 Millford Gateshead has increased by £1,303 (2.4%) and its rental value has increased by £42 per month (9.5%).
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 162, Millford, Gateshead is in very good condition we estimate a sale value of £57,904 and rental value of £468 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £51,286 and a rental value of £415 per month.
If you were able to purchase this property for the estimated value of £55,146, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £271 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, 162, Millford, Gateshead was last sold on 17 Aug 2015 for £55,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Aug 2015, the market for similar properties has risen 16.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 162, Millford, Gateshead within a radius of 660 metres over the last 2 years.
The most recent example is 87, Sheraton, Gateshead, NE10 8JP, a Leasehold flat which sold for £46,500 in May 2019.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Millford, Gateshead, NE10 has a total of 141 addresses. According to our analysis of all the public data, 162, Millford, Gateshead is the 138th largest and the 139th most expensive property on the street.
When compared to the postcode district it is £101k less expensive than the average property in NE10.
162, Millford, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Mar 2014.
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 162, Millford, Gateshead is Heworth station which is 1.8 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 162, Millford, Gateshead, 34.7% of property is privately owned outright and 32.7% is socially 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 162, Millford, Gateshead, 18.3% of residents are recorded as possessing school level qualifications and 20.1% 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 162, Millford, Gateshead, the average age was 41.4 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 162, Millford, 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 162, Millford, 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.