According to the public record, 2, Rectory Road East, Gateshead is a mid-century freehold house with 882 ft2 of internal area and sits on a 196 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Rectory Road East, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
2, Rectory Road East, Gateshead has 2 entries in the Land Registry database, most recently in September 2023 and a single entry in the EPC database dated May 2023.
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 Rectory Road East Gateshead as £176,989 and the rental value as £1,022 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 2 Rectory Road East Gateshead has increased by £5,666 (3.2%) and its rental value has increased by £106 per month (10.4%).
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, Rectory Road East, Gateshead is in very good condition we estimate a sale value of £185,838 and rental value of £1,074 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £164,600 and a rental value of £951 per month.
If you were able to purchase this property for the estimated value of £176,989, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £870 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, Rectory Road East, Gateshead sits on a plot of 196m2.
We have plot size data on 16 out of 28 other houses in the postcode and 2, Rectory Road East, Gateshead sits on the 10th largest plot.
According to HM Land Registry, 2, Rectory Road East, Gateshead was last sold on 29 Sep 2023 for £195,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Sep 2023, the market for similar properties has risen 3.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Rectory Road East, Gateshead within a radius of 560 metres over the last 2 years.
The most recent example is 19, Oval Park View, Gateshead, NE10 9DS, a Freehold house which sold for £190,000 in Jul 2022.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rectory Road East, Gateshead, NE10 has a total of 28 addresses. According to our analysis of all the public data, 2, Rectory Road East, Gateshead is the 9th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £20k more expensive than the average property in NE10.
2, Rectory Road East, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 May 2023.
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, Rectory Road East, Gateshead is Heworth station which is 1.0 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 2, Rectory Road East, Gateshead, 50.7% of property is privately owned outright and 24.3% 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 2, Rectory Road East, Gateshead, 13.5% of residents are recorded as possessing school level qualifications and 20.6% 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 2, Rectory Road East, Gateshead, the average age was 43.7 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 2, Rectory Road East, Gateshead, 2.1% 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, Rectory Road East, Gateshead, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.