According to the public record, 2 The Mill, Gateshead is a modern freehold house with 1,227 ft2 of internal area and sits on a 114 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Bensham Road, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
2 The Mill, Gateshead has a single entry in the Land Registry database from August 2010 and a single entry in the EPC database dated October 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 The Mill Gateshead as £220,236 and the rental value as £1,107 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 2 The Mill Gateshead has increased by £3,458 (1.6%) and its rental value has increased by £90 per month (8.2%).
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 2 The Mill, Gateshead is in very good condition we estimate a sale value of £231,248 and rental value of £1,163 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £204,820 and a rental value of £1,030 per month.
If you were able to purchase this property for the estimated value of £220,236, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,082 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, 2 The Mill, Gateshead sits on a plot of 114m2.
We have plot size data on 10 out of 10 other houses in the postcode and 2 The Mill, Gateshead sits on the 6th largest plot.
According to HM Land Registry, 2 The Mill, Gateshead was last sold on 12 Aug 2010 for £155,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2010, the market for similar properties has risen 27.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 The Mill, Gateshead within a radius of 430 metres over the last 2 years.
The most recent example is 24, Bridges View, Gateshead, NE8 1NZ, a Freehold house which sold for £185,000 in Nov 2021.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bensham Road, Gateshead, NE8 has a total of 87 addresses. According to our analysis of all the public data, 2 The Mill, Gateshead is the 27th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £87k more expensive than the average property in NE8.
2 The Mill, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Oct 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 2 The Mill, Gateshead is Newcastle station which is 1.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 2 The Mill, Gateshead, 53.4% of property is socially rented and 23.3% is privately rented.
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 2 The Mill, Gateshead, 10.2% of residents are recorded as possessing school level qualifications and 29.0% 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 2 The Mill, 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 2 The Mill, Gateshead, 0.4% 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 2 The Mill, Gateshead, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.