According to the public record, 2, Victoria Avenue, Gateshead is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a early-century apartment with 690 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Victoria Avenue, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
2, Victoria Avenue, Gateshead has a single entry in the Land Registry database from September 2007 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Victoria Avenue Gateshead as £70,205 and the rental value as £539 per month giving an expected gross yield of 9.2%.
Over the last 12 months the sale value of 2 Victoria Avenue Gateshead has increased by £1,984 (2.8%) and its rental value has increased by £54 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, Victoria Avenue, Gateshead is in very good condition we estimate a sale value of £73,715 and rental value of £566 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £65,290 and a rental value of £501 per month.
If you were able to purchase this property for the estimated value of £70,205, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £345 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, Victoria Avenue, Gateshead was last sold on 14 Sep 2007 for £88,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2007, the market for similar properties has dropped 3.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Victoria Avenue, Gateshead within a radius of 460 metres over the last 2 years.
The most recent example is 73, Woodlands Terrace, Gateshead, NE10 9HT, a Leasehold flat which sold for £61,000 in Dec 2021.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Victoria Avenue, Gateshead, NE10 has a total of 46 addresses. According to our analysis of all the public data, 2, Victoria Avenue, Gateshead is the 13th largest and the 45th most expensive property on the street.
When compared to the postcode district it is £86k less expensive than the average property in NE10.
The closest station to 2, Victoria Avenue, Gateshead is Heworth station which is 1.3 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, Victoria Avenue, Gateshead, 60.7% of property is socially rented and 15.0% 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, Victoria Avenue, Gateshead, 13.7% of residents are recorded as possessing school level qualifications and 16.5% 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, Victoria Avenue, 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, Victoria 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, Victoria Avenue, 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.