According to the public record, 167, Saltwell Road, Gateshead is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 1,120 ft2 of internal area and a garden.
Apartments of this size in this area normally have 3 bedrooms.
Saltwell Road, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
167, Saltwell Road, Gateshead has a single entry in the Land Registry database from March 2007 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 167 Saltwell Road Gateshead as £95,010 and the rental value as £696 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of 167 Saltwell Road Gateshead has increased by £3,021 (3.2%) and its rental value has increased by £69 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 167, Saltwell Road, Gateshead is in very good condition we estimate a sale value of £99,760 and rental value of £731 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £88,359 and a rental value of £648 per month.
If you were able to purchase this property for the estimated value of £95,010, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £467 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, 167, Saltwell Road, Gateshead was last sold on 28 Mar 2007 for £170,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2007, the market for similar properties has dropped 4.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 167, Saltwell Road, Gateshead within a radius of 380 metres over the last 2 years.
The most recent example is 88, Faraday Grove, Gateshead, NE8 4UL, a Leasehold flat which sold for £79,000 in Feb 2022.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Saltwell Road, Gateshead, NE8 has a total of 252 addresses. According to our analysis of all the public data, 167, Saltwell Road, Gateshead is the 75th largest and the 170th most expensive property on the street.
When compared to the postcode district it is £38k less expensive than the average property in NE8.
The closest station to 167, Saltwell Road, Gateshead is Dunston station which is 1.7 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 167, Saltwell Road, Gateshead, 34.5% of property is privately rented and 31.9% 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 167, Saltwell Road, Gateshead, 25.3% of residents are recorded as possessing school level qualifications and 33.6% 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 167, Saltwell Road, Gateshead, the average age was 35.8 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 167, Saltwell Road, 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 167, Saltwell Road, 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.