According to the public record, 2, Meadow Lane, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 613 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Meadow Lane, Gateshead, NE11 is located in the borough of Gateshead within the NE11 postal district.
2, Meadow Lane, Gateshead has a single entry in the Land Registry database from April 2013 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 Meadow Lane Gateshead as £111,541 and the rental value as £760 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 2 Meadow Lane Gateshead has increased by £3,741 (3.4%) and its rental value has increased by £83 per month (10.9%).
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, Meadow Lane, Gateshead is in very good condition we estimate a sale value of £117,118 and rental value of £797 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £103,733 and a rental value of £706 per month.
If you were able to purchase this property for the estimated value of £111,541, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £548 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, Meadow Lane, Gateshead was last sold on 24 Apr 2013 for £48,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2013, the market for similar properties has risen 39.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Meadow Lane, Gateshead within a radius of 680 metres over the last 2 years.
The most recent example is 4, Tyndal Gardens, Gateshead, NE11 9EU, a Freehold house which sold for £90,000 in May 2023.
Read more about house prices in NE11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Meadow Lane, Gateshead, NE11 has a total of 134 addresses. According to our analysis of all the public data, 2, Meadow Lane, Gateshead is the 112th largest and the 49th most expensive property on the street.
When compared to the postcode district it is £21k less expensive than the average property in NE11.
The closest station to 2, Meadow Lane, Gateshead is Dunston station which is 800 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Meadow Lane, Gateshead, 62.6% of property is socially rented and 15.5% 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, Meadow Lane, Gateshead, 20.0% of residents are recorded as possessing school level qualifications and 12.0% 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, Meadow Lane, Gateshead, the average age was 38.5 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, Meadow 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 2, Meadow Lane, 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.