According to the public record, 3, Prospect Terrace, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 889 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Prospect Terrace, Eighton Banks, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
3, Prospect Terrace, Gateshead has 41 entries in the Land Registry database, most recently in June 2018 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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.
1Sales dated prior to 2007 are shown, but are not used in our calculations.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 3 Prospect Terrace Gateshead as £219,299 and the rental value as £1,037 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 3 Prospect Terrace Gateshead has increased by £3,267 (1.5%) and its rental value has increased by £90 per month (8.7%).
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 3, Prospect Terrace, Gateshead is in very good condition we estimate a sale value of £230,263 and rental value of £1,088 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £203,948 and a rental value of £964 per month.
If you were able to purchase this property for the estimated value of £219,299, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,078 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, 3, Prospect Terrace, Gateshead was last sold on 15 Jun 2018 for £157,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Jun 2018, the market for similar properties has risen 20.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Prospect Terrace, Gateshead within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 29, Thomas Street, Gateshead, NE9 7YA, a Freehold house which sold for £160,000 in Feb 2024.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Prospect Terrace, Eighton Banks, Gateshead, NE9 has a total of 16 addresses. According to our analysis of all the public data, 3, Prospect Terrace, Gateshead is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £63k more expensive than the average property in NE9.
The closest station to 3, Prospect Terrace, Gateshead is Heworth station which is 4.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, Prospect Terrace, Gateshead, 41.2% of property is privately owned outright and 35.9% 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 3, Prospect Terrace, Gateshead, 11.1% of residents are recorded as possessing school level qualifications and 39.4% 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 3, Prospect Terrace, Gateshead, the average age was 39.6 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 3, Prospect 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 3, Prospect Terrace, Gateshead, there are an average of 1.3 cars per household.
See below for how this compares to North East and the rest of England & Wales.