According to the public record, 2, Betjeman Mews, Gateshead is a modern apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Betjeman Mews, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
2, Betjeman Mews, Gateshead has no recent1 records in the Land Registry database and a single entry in the EPC database dated April 2019.
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 2 Betjeman Mews Gateshead as £93,923 and the rental value as £716 per month giving an expected gross yield of 9.2%.
Over the last 12 months the sale value of 2 Betjeman Mews Gateshead has increased by £2,973 (3.2%) and its rental value has increased by £71 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 2, Betjeman Mews, Gateshead is in very good condition we estimate a sale value of £98,619 and rental value of £752 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £87,348 and a rental value of £666 per month.
If you were able to purchase this property for the estimated value of £93,923, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £462 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, 2, Betjeman Mews, Gateshead was last sold on 07 May 2004 for £86,950 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 2, Betjeman Mews, Gateshead within a radius of 470 metres over the last 2 years.
The most recent example is 8, Symphony Court, Gateshead, NE8 4BG, a Leasehold flat which sold for £97,500 in Aug 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Betjeman Mews, Gateshead, NE8 has a total of 12 addresses. According to our analysis of all the public data, 2, Betjeman Mews, Gateshead is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £39k less expensive than the average property in NE8.
2, Betjeman Mews, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Apr 2019.
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, Betjeman Mews, Gateshead is Newcastle station which is 2.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Betjeman Mews, Gateshead, 63.6% of property is socially rented and 20.0% 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, Betjeman Mews, Gateshead, 12.8% of residents are recorded as possessing school level qualifications and 20.1% 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 2, Betjeman Mews, Gateshead, the average age was 38.5 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, Betjeman Mews, 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 2, Betjeman Mews, Gateshead, there are an average of 0.4 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.