According to the public record, 26, Megstone, Gateshead is a mid-century leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Megstone, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
26, Megstone, Gateshead has a single entry in the Land Registry database from February 2020 and a single entry in the EPC database dated November 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 26 Megstone Gateshead as £106,618 and the rental value as £710 per month giving an expected gross yield of 8%.
Over the last 12 months the sale value of 26 Megstone Gateshead has increased by £2,877 (2.7%) and its rental value has increased by £69 per month (9.8%).
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 26, Megstone, Gateshead is in very good condition we estimate a sale value of £111,948 and rental value of £745 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £99,154 and a rental value of £660 per month.
If you were able to purchase this property for the estimated value of £106,618, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £524 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, 26, Megstone, Gateshead was last sold on 07 Feb 2020 for £75,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2020, the market for similar properties has risen 10.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 26, Megstone, Gateshead within a radius of 480 metres over the last 2 years.
The most recent example is 53, Islestone, Gateshead, NE9 5HZ, a Leasehold flat which sold for £121,550 in May 2024.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Megstone, Gateshead, NE9 has a total of 16 addresses. According to our analysis of all the public data, 26, Megstone, Gateshead is the 12th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £50k less expensive than the average property in NE9.
26, Megstone, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Nov 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using warm air.
The closest station to 26, Megstone, Gateshead is Heworth station which is 3.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 26, Megstone, Gateshead, 46.1% of property is privately owned outright and 27.0% 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 26, Megstone, Gateshead, 8.7% of residents are recorded as possessing school level qualifications and 28.4% 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 26, Megstone, Gateshead, the average age was 46 and the most common age was 52.
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 26, Megstone, Gateshead, 2.1% 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 26, Megstone, 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.