According to the public record, 18, Rennington, Gateshead is a mid-century apartment with 861 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Rennington, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
18, Rennington, Gateshead has no records in the Land Registry database and a single entry in the EPC database dated December 2009.
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 Rennington Gateshead as £78,362 and the rental value as £588 per month giving an expected gross yield of 9%.
Over the last 12 months the sale value of 18 Rennington Gateshead has increased by £1,904 (2.4%) and its rental value has increased by £56 per month (9.6%).
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, Rennington, Gateshead is in very good condition we estimate a sale value of £82,280 and rental value of £617 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £72,877 and a rental value of £547 per month.
If you were able to purchase this property for the estimated value of £78,362, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £385 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 the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 18, Rennington, Gateshead within a radius of 510 metres over the last 2 years.
The most recent example is 41, Hartburn, Gateshead, NE10 8JE, a Leasehold flat which sold for £68,500 in Jul 2020.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rennington, Gateshead, NE10 has a total of 56 addresses. According to our analysis of all the public data, 18, Rennington, Gateshead is the 6th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £78k less expensive than the average property in NE10.
18, Rennington, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Dec 2009.
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, Rennington, Gateshead is Heworth station which is 1.6 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, Rennington, Gateshead, 52.6% of property is socially rented and 21.5% 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, Rennington, Gateshead, 20.6% of residents are recorded as possessing school level qualifications and 19.6% 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 18, Rennington, Gateshead, the average age was 41.4 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 18, Rennington, Gateshead, 2.0% 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, Rennington, 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.