According to the public record, 18, Chester Place, Gateshead is a period freehold house with 775 ft2 of internal area and sits on a 59.4 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Chester Place, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
18, Chester Place, Gateshead has a single entry in the Land Registry database from May 2023 and a single entry in the EPC database dated December 2022.
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 18 Chester Place Gateshead as £100,731 and the rental value as £673 per month giving an expected gross yield of 8%.
Over the last 12 months the sale value of 18 Chester Place Gateshead has increased by £3,000 (3.0%) and its rental value has increased by £65 per month (9.7%).
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 18, Chester Place, Gateshead is in very good condition we estimate a sale value of £105,767 and rental value of £707 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £93,680 and a rental value of £626 per month.
If you were able to purchase this property for the estimated value of £100,731, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £495 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 data from HM Land Registry, 18, Chester Place, Gateshead sits on a plot of 59m2.
We have plot size data on 9 out of 17 other houses in the postcode and 18, Chester Place, Gateshead sits on the 8th largest plot.
According to HM Land Registry, 18, Chester Place, Gateshead was last sold on 26 May 2023 for £97,116 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2023, the market for similar properties has risen 2.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Chester Place, Gateshead within a radius of 440 metres over the last 2 years.
The most recent example is 10, Chester Place, Gateshead, NE8 1QB, a Freehold house which sold for £94,500 in Feb 2022.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chester Place, Gateshead, NE8 has a total of 18 addresses. According to our analysis of all the public data, 18, Chester Place, Gateshead is the 16th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £32k less expensive than the average property in NE8.
18, Chester Place, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Dec 2022.
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 18, Chester Place, Gateshead is Newcastle station which is 1.3 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 18, Chester Place, Gateshead, 49.2% of property is privately rented and 28.8% 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 18, Chester Place, Gateshead, 12.3% of residents are recorded as possessing school level qualifications and 21.5% 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 18, Chester Place, Gateshead, the average age was 38.1 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 18, Chester Place, 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 18, Chester Place, Gateshead, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.