According to the public record, 31, Long Bank, Gateshead is a period leasehold apartment with 796 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 31, Long Bank, Gateshead, NE9.
Long Bank, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
31, Long Bank, Gateshead has 21 entries in the Land Registry database, most recently in March 2024 and a single entry in the EPC database dated June 2019.
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.
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 31 Long Bank Gateshead as £135,587 and the rental value as £816 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 31 Long Bank Gateshead has increased by £3,635 (2.7%) and its rental value has increased by £82 per month (10.0%).
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 31, Long Bank, Gateshead is in very good condition we estimate a sale value of £142,367 and rental value of £857 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £126,096 and a rental value of £759 per month.
If you were able to purchase this property for the estimated value of £135,587, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £666 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, 31, Long Bank, Gateshead was last sold on 07 Mar 2024 for £128,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2024, the market for similar properties has risen 2.4%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 31, Long Bank, Gateshead within a radius of 670 metres over the last 2 years.
The most recent example is 31A, Long Bank, Gateshead, NE9 7HH, a Leasehold flat which sold for £135,000 in Oct 2019.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Long Bank, Gateshead, NE9 has a total of 45 addresses. According to our analysis of all the public data, 31, Long Bank, Gateshead is the 42nd largest and the 42nd most expensive property on the street.
When compared to the postcode district it is £21k less expensive than the average property in NE9.
31, Long Bank, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Jun 2019.
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 31, Long Bank, Gateshead is Heworth station which is 3.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 31, Long Bank, Gateshead, 36.0% of property is privately owned outright and 32.7% 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 31, Long Bank, Gateshead, 14.4% of residents are recorded as possessing school level qualifications and 17.4% 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 31, Long Bank, 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 31, Long Bank, Gateshead, 0.3% 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 31, Long Bank, Gateshead, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.