According to the public record, 20, Portland Street, Gateshead is a period leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Portland Street, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
20, Portland Street, Gateshead has 51 entries in the Land Registry database, most recently in August 2023 and a single entry in the EPC database dated January 2021.
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 20 Portland Street Gateshead as £88,200 and the rental value as £668 per month giving an expected gross yield of 9.1%.
Over the last 12 months the sale value of 20 Portland Street Gateshead has increased by £2,909 (3.3%) and its rental value has increased by £67 per month (10.0%).
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 20, Portland Street, Gateshead is in very good condition we estimate a sale value of £92,610 and rental value of £701 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £82,026 and a rental value of £621 per month.
If you were able to purchase this property for the estimated value of £88,200, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £433 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, 20, Portland Street, Gateshead was last sold on 18 Aug 2023 for £90,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Aug 2023, the market for similar properties has risen 3.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 20, Portland Street, Gateshead within a radius of 680 metres over the last 2 years.
The most recent example is 14, Salisbury Street, Gateshead, NE10 0XY, a Leasehold flat which sold for £89,950 in Jan 2024.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Portland Street, Gateshead, NE10 has a total of 42 addresses. According to our analysis of all the public data, 20, Portland Street, Gateshead is the 18th largest and the 21st most expensive property on the street.
When compared to the postcode district it is £68k less expensive than the average property in NE10.
20, Portland Street, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Jan 2021.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 20, Portland Street, Gateshead is Heworth station which is 500 metres 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 20, Portland Street, Gateshead, 55.8% of property is privately rented and 23.3% 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 20, Portland Street, Gateshead, 11.0% of residents are recorded as possessing school level qualifications and 38.3% 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 20, Portland Street, Gateshead, the average age was 39.7 and the most common age was 27.
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 20, Portland Street, Gateshead, 0.5% 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 20, Portland Street, Gateshead, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.