According to the public record, 23, Wesley Street, Gateshead is a period leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Wesley Street, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
23, Wesley Street, Gateshead has 31 entries in the Land Registry database, most recently in December 2013 and a single entry in the EPC database dated July 2023.
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 Wesley Street Gateshead as £124,491 and the rental value as £787 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 23 Wesley Street Gateshead has increased by £3,969 (3.2%) and its rental value has increased by £81 per month (10.3%).
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, Wesley Street, Gateshead is in very good condition we estimate a sale value of £130,716 and rental value of £827 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £115,777 and a rental value of £732 per month.
If you were able to purchase this property for the estimated value of £124,491, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £612 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, Wesley Street, Gateshead was last sold on 16 Dec 2013 for £114,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Dec 2013, the market for similar properties has risen 18.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, Wesley Street, Gateshead within a radius of 450 metres over the last 2 years.
The most recent example is 43, Wesley Street, Gateshead, NE9 5UX, a Leasehold flat which sold for £120,000 in Mar 2024.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wesley Street, Gateshead, NE9 has a total of 38 addresses. According to our analysis of all the public data, 23, Wesley Street, Gateshead is the 15th largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £32k less expensive than the average property in NE9.
23, Wesley Street, Gateshead has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Jul 2023.
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, Wesley Street, Gateshead is Heworth station which is 3.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 23, Wesley Street, Gateshead, 37.3% of property is privately owned outright and 33.3% 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 23, Wesley Street, Gateshead, 17.5% of residents are recorded as possessing school level qualifications and 54.0% 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, Wesley Street, 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 23, Wesley Street, Gateshead, 3.9% 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, Wesley Street, 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.