According to the public record, 2 The Warehouse, Gateshead is a modern leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Warehouse, Well Lane, Gateshead, NE9.
Well Lane, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
2 The Warehouse, Gateshead has 3 entries in the Land Registry database, most recently in October 2015 and a single entry in the EPC database dated December 2018.
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 The Warehouse Gateshead as £160,281 and the rental value as £896 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 2 The Warehouse Gateshead has increased by £4,682 (2.9%) and its rental value has increased by £89 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 The Warehouse, Gateshead is in very good condition we estimate a sale value of £168,295 and rental value of £941 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £149,061 and a rental value of £833 per month.
If you were able to purchase this property for the estimated value of £160,281, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £788 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 The Warehouse, Gateshead was last sold on 30 Oct 2015 for £128,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2015, the market for similar properties has risen 13.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 The Warehouse, Gateshead within a radius of 460 metres over the last 2 years.
The most recent example is 8, Worley Avenue, Gateshead, NE9 6AL, a Leasehold flat which sold for £148,500 in Jul 2023.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Well Lane, Gateshead, NE9 has a total of 8 addresses. According to our analysis of all the public data, 2 The Warehouse, Gateshead is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £4k more expensive than the average property in NE9.
2 The Warehouse, Gateshead has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 Dec 2018.
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 Warehouse, Gateshead is Dunston station which is 3.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 2 The Warehouse, Gateshead, 38.5% of property is privately owned outright and 35.0% 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 The Warehouse, Gateshead, 16.3% of residents are recorded as possessing school level qualifications and 42.4% 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 Warehouse, Gateshead, the average age was 46 and the most common age was 52.
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 Warehouse, Gateshead, 2.0% 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 The Warehouse, 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.