According to the public record, 281, Saltwell Road, Gateshead is a period freehold house with 678 ft2 of internal area and sits on a 160 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Saltwell Road, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
281, Saltwell Road, Gateshead has a single entry in the Land Registry database from November 2016 and a single entry in the EPC database dated August 2014.
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 281 Saltwell Road Gateshead as £118,325 and the rental value as £801 per month giving an expected gross yield of 8.1%.
Over the last 12 months the sale value of 281 Saltwell Road Gateshead has increased by £4,242 (3.6%) and its rental value has increased by £83 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 281, Saltwell Road, Gateshead is in very good condition we estimate a sale value of £124,241 and rental value of £841 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £110,042 and a rental value of £745 per month.
If you were able to purchase this property for the estimated value of £118,325, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £582 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 data from HM Land Registry, 281, Saltwell Road, Gateshead sits on a plot of 160m2.
We have plot size data on 5 out of 31 other houses in the postcode and 281, Saltwell Road, Gateshead sits on the 5th largest plot.
According to HM Land Registry, 281, Saltwell Road, Gateshead was last sold on 14 Nov 2016 for £100,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2016, the market for similar properties has risen 26.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 281, Saltwell Road, Gateshead within a radius of 490 metres over the last 2 years.
The most recent example is 14, Edison Gardens, Gateshead, NE8 4SE, a Freehold house which sold for £128,000 in Apr 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Saltwell Road, Gateshead, NE8 has a total of 252 addresses. According to our analysis of all the public data, 281, Saltwell Road, Gateshead is the 219th largest and the 150th most expensive property on the street.
When compared to the postcode district it is £14k less expensive than the average property in NE8.
281, Saltwell Road, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Aug 2014.
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 281, Saltwell Road, Gateshead is Dunston station which is 1.9 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 281, Saltwell Road, Gateshead, 49.1% of property is socially rented and 24.5% 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 281, Saltwell Road, Gateshead, 21.2% of residents are recorded as possessing school level qualifications and 23.8% 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 281, Saltwell Road, Gateshead, the average age was 35.8 and the most common age was 32.
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 281, Saltwell 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 281, Saltwell Road, 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.