According to the public record, 2, Eastbourne Avenue, Gateshead is a period leasehold apartment with 925 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Eastbourne Avenue, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
2, Eastbourne Avenue, Gateshead has 2 entries in the Land Registry database, most recently in April 2019 and a single entry in the EPC database dated May 2019.
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 2 Eastbourne Avenue Gateshead as £102,662 and the rental value as £754 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of 2 Eastbourne Avenue Gateshead has increased by £3,322 (3.2%) and its rental value has increased by £75 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, Eastbourne Avenue, Gateshead is in very good condition we estimate a sale value of £107,795 and rental value of £792 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £95,476 and a rental value of £702 per month.
If you were able to purchase this property for the estimated value of £102,662, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £505 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, Eastbourne Avenue, Gateshead was last sold on 26 Apr 2019 for £65,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2019, the market for similar properties has risen 15.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Eastbourne Avenue, Gateshead within a radius of 350 metres over the last 2 years.
The most recent example is 106, Windsor Avenue, Gateshead, NE8 4NX, a Leasehold flat which sold for £97,000 in Jun 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eastbourne Avenue, Gateshead, NE8 has a total of 262 addresses. According to our analysis of all the public data, 2, Eastbourne Avenue, Gateshead is the 51st largest and the 77th most expensive property on the street.
When compared to the postcode district it is £30k less expensive than the average property in NE8.
2, Eastbourne Avenue, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 May 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, Eastbourne Avenue, 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, Eastbourne Avenue, Gateshead, 69.5% of property is privately rented and 14.1% 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 2, Eastbourne Avenue, Gateshead, 18.1% of residents are recorded as possessing school level qualifications and 27.5% 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 2, Eastbourne Avenue, Gateshead, the average age was 35.8 and the most common age was 32.
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, Eastbourne Avenue, 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, Eastbourne Avenue, Gateshead, there are an average of 0.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.