According to the public record, 278, Victoria Road, 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.
Victoria Road, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
278, Victoria Road, Gateshead has a single entry in the Land Registry database from July 2008 and a single entry in the EPC database dated November 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 278 Victoria Road Gateshead as £68,329 and the rental value as £526 per month giving an expected gross yield of 9.2%.
Over the last 12 months the sale value of 278 Victoria Road Gateshead has increased by £2,160 (3.2%) and its rental value has increased by £52 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 278, Victoria Road, Gateshead is in very good condition we estimate a sale value of £71,745 and rental value of £553 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £63,546 and a rental value of £489 per month.
If you were able to purchase this property for the estimated value of £68,329, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £336 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, 278, Victoria Road, Gateshead was last sold on 25 Jul 2008 for £83,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2008, the market for similar properties has risen 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 278, Victoria Road, Gateshead within a radius of 520 metres over the last 2 years.
The most recent example is 288, Victoria Road, Gateshead, NE8 2TA, a Leasehold flat which sold for £60,000 in Sep 2019.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Victoria Road, Gateshead, NE8 has a total of 143 addresses. According to our analysis of all the public data, 278, Victoria Road, Gateshead is the 77th largest and the 110th most expensive property on the street.
When compared to the postcode district it is £64k less expensive than the average property in NE8.
278, Victoria Road, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Nov 2013.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 278, Victoria Road, Gateshead is Dunston station which is 1.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 278, Victoria Road, Gateshead, 33.1% of property is privately rented and 25.6% is socially 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 278, Victoria Road, Gateshead, 14.8% of residents are recorded as possessing school level qualifications and 14.3% 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 278, Victoria Road, Gateshead, the average age was 38.1 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 278, Victoria Road, 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 278, Victoria Road, 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.