According to the public record, 23, Clarke Terrace, Gateshead is a period leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Clarke Terrace, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
23, Clarke Terrace, Gateshead has 41 entries in the Land Registry database, most recently in September 2008 and a single entry in the EPC database dated April 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 23 Clarke Terrace Gateshead as £81,673 and the rental value as £629 per month giving an expected gross yield of 9.2%.
Over the last 12 months the sale value of 23 Clarke Terrace Gateshead has increased by £2,308 (2.8%) and its rental value has increased by £63 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 23, Clarke Terrace, Gateshead is in very good condition we estimate a sale value of £85,757 and rental value of £660 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £75,956 and a rental value of £585 per month.
If you were able to purchase this property for the estimated value of £81,673, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £401 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, 23, Clarke Terrace, Gateshead was last sold on 24 Sep 2008 for £89,950 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Sep 2008, the market for similar properties has risen 8.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, Clarke Terrace, Gateshead within a radius of 460 metres over the last 2 years.
The most recent example is 29, Woodlands Terrace, Gateshead, NE10 9HT, a Leasehold flat which sold for £90,000 in Apr 2024.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Clarke Terrace, Gateshead, NE10 has a total of 17 addresses. According to our analysis of all the public data, 23, Clarke Terrace, Gateshead is the 15th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £75k less expensive than the average property in NE10.
23, Clarke Terrace, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Apr 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 23, Clarke Terrace, Gateshead is Heworth station which is 1.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 23, Clarke Terrace, Gateshead, 46.5% of property is socially rented and 23.7% 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 23, Clarke Terrace, Gateshead, 18.3% of residents are recorded as possessing school level qualifications and 18.6% 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 23, Clarke Terrace, 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 23, Clarke Terrace, 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 23, Clarke Terrace, 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.