According to the public record, 17, The Willows, Gateshead is a modern leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The Willows, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
17, The Willows, Gateshead has a single entry in the Land Registry database from March 2022 and a single entry in the EPC database dated November 2021.
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 The Willows Gateshead as £112,204 and the rental value as £727 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 17 The Willows Gateshead has increased by £2,900 (2.6%) and its rental value has increased by £69 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, The Willows, Gateshead is in very good condition we estimate a sale value of £117,814 and rental value of £763 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £104,349 and a rental value of £676 per month.
If you were able to purchase this property for the estimated value of £112,204, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £551 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, The Willows, Gateshead was last sold on 18 Mar 2022 for £103,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2022, the market for similar properties has risen 4.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 17, The Willows, Gateshead within a radius of 730 metres over the last 2 years.
The most recent example is 16, The Willows, Gateshead, NE10 8BW, a Leasehold flat which sold for £111,000 in Nov 2023.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Willows, Gateshead, NE10 has a total of 34 addresses. According to our analysis of all the public data, 17, The Willows, Gateshead is the 31st largest and the 32nd most expensive property on the street.
When compared to the postcode district it is £44k less expensive than the average property in NE10.
17, The Willows, Gateshead has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Nov 2021.
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 17, The Willows, Gateshead is Heworth station which is 1.9 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 17, The Willows, Gateshead, 43.1% of property is socially rented and 22.6% 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, The Willows, Gateshead, 19.6% of residents are recorded as possessing school level qualifications and 19.1% 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 17, The Willows, Gateshead, the average age was 45.1 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, The Willows, 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 17, The Willows, 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.