According to the public record, 17 Rosefinch Lodge, Gateshead is a modern leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Rosefinch Lodge, Beaconsfield Road, Gateshead, NE9.
Beaconsfield Road, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
17 Rosefinch Lodge, Gateshead has 51 entries in the Land Registry database, most recently in February 2020 and a single entry in the EPC database dated September 2016.
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 17 Rosefinch Lodge Gateshead as £60,806 and the rental value as £479 per month giving an expected gross yield of 9.5%.
Over the last 12 months the sale value of 17 Rosefinch Lodge Gateshead has increased by £1,471 (2.4%) and its rental value has increased by £45 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 17 Rosefinch Lodge, Gateshead is in very good condition we estimate a sale value of £63,846 and rental value of £503 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £56,549 and a rental value of £446 per month.
If you were able to purchase this property for the estimated value of £60,806, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £299 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, 17 Rosefinch Lodge, Gateshead was last sold on 17 Feb 2020 for £57,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Feb 2020, the market for similar properties has risen 12.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 17 Rosefinch Lodge, Gateshead within a radius of 490 metres over the last 2 years.
The most recent example is 11 Rosefinch Lodge, Beaconsfield Road, Gateshead, NE9 5EU, a Leasehold flat which sold for £65,500 in May 2021.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Beaconsfield Road, Gateshead, NE9 has a total of 69 addresses. According to our analysis of all the public data, 17 Rosefinch Lodge, Gateshead is the 54th largest and the 59th most expensive property on the street.
When compared to the postcode district it is £96k less expensive than the average property in NE9.
17 Rosefinch Lodge, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Sep 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 17 Rosefinch Lodge, Gateshead is Dunston station which is 3.1 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 17 Rosefinch Lodge, Gateshead, 43.8% of property is privately owned outright and 34.4% 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 17 Rosefinch Lodge, Gateshead, 15.0% of residents are recorded as possessing school level qualifications and 48.4% 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 17 Rosefinch Lodge, 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 17 Rosefinch Lodge, Gateshead, 4.2% 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 17 Rosefinch Lodge, Gateshead, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.