According to the public record, 22, Wilsons Lane, Gateshead is a modern leasehold apartment with 706 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Wilsons Lane, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
22, Wilsons Lane, Gateshead has a single entry in the Land Registry database from November 2011 and a single entry in the EPC database dated May 2009.
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 22 Wilsons Lane Gateshead as £130,943 and the rental value as £746 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 22 Wilsons Lane Gateshead has increased by £3,168 (2.4%) and its rental value has increased by £71 per month (9.5%).
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 22, Wilsons Lane, Gateshead is in very good condition we estimate a sale value of £137,490 and rental value of £783 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £121,777 and a rental value of £694 per month.
If you were able to purchase this property for the estimated value of £130,943, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £644 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, 22, Wilsons Lane, Gateshead was last sold on 10 Nov 2011 for £135,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2011, the market for similar properties has risen 14.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 22, Wilsons Lane, Gateshead within a radius of 450 metres over the last 2 years.
The most recent example is 5, Richmond Court, Gateshead, NE9 5JG, a Leasehold flat which sold for £98,000 in Jul 2023.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wilsons Lane, Gateshead, NE9 has a total of 16 addresses. According to our analysis of all the public data, 22, Wilsons Lane, Gateshead is the 14th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £26k less expensive than the average property in NE9.
22, Wilsons Lane, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 May 2009.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The closest station to 22, Wilsons Lane, 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 22, Wilsons Lane, Gateshead, 33.1% of property is privately owned with a mortgage and 33.1% is privately rented.
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 22, Wilsons Lane, Gateshead, 5.2% of residents are recorded as possessing school level qualifications and 35.1% 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 22, Wilsons Lane, Gateshead, the average age was 43.8 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 22, Wilsons 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 22, Wilsons Lane, Gateshead, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.