According to the public record, 18, Nursery Lane, Gateshead is a period apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Nursery Lane, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
18, Nursery Lane, Gateshead has no recent1 records in the Land Registry database and a single entry in the EPC database dated March 2023.
We combine this information with public data 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 Nursery Lane Gateshead as £72,676 and the rental value as £545 per month giving an expected gross yield of 9%.
Over the last 12 months the sale value of 18 Nursery Lane Gateshead has increased by £2,043 (2.8%) and its rental value has increased by £54 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 18, Nursery Lane, Gateshead is in very good condition we estimate a sale value of £76,310 and rental value of £572 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £67,589 and a rental value of £507 per month.
If you were able to purchase this property for the estimated value of £72,676, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £357 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, 18, Nursery Lane, Gateshead was last sold on 27 Jun 2001 for £18,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Nursery Lane, Gateshead within a radius of 500 metres over the last 2 years.
The most recent example is 7, Iona Road, Gateshead, NE10 9TA, a Leasehold flat which sold for £85,000 in Nov 2023.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Nursery Lane, Gateshead, NE10 has a total of 104 addresses. According to our analysis of all the public data, 18, Nursery Lane, Gateshead is the 60th largest and the 91st most expensive property on the street.
When compared to the postcode district it is £84k less expensive than the average property in NE10.
18, Nursery Lane, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Mar 2023.
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, Nursery Lane, Gateshead is Heworth station which is 1.7 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 18, Nursery Lane, Gateshead, 32.4% of property is privately rented and 22.8% 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 18, Nursery Lane, Gateshead, 19.1% of residents are recorded as possessing school level qualifications and 32.3% 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, Nursery Lane, Gateshead, the average age was 37.2 and the most common age was 7.
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, Nursery Lane, 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, Nursery Lane, 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.