According to the public record, 31, Nursery Lane, Gateshead is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 490 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Nursery Lane, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
31, Nursery Lane, Gateshead has 41 entries in the Land Registry database, most recently in June 2011 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 31 Nursery Lane Gateshead as £60,176 and the rental value as £489 per month giving an expected gross yield of 9.7%.
Over the last 12 months the sale value of 31 Nursery Lane Gateshead has increased by £1,691 (2.8%) and its rental value has increased by £49 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 31, Nursery Lane, Gateshead is in very good condition we estimate a sale value of £63,185 and rental value of £513 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £55,964 and a rental value of £455 per month.
If you were able to purchase this property for the estimated value of £60,176, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £296 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, Nursery Lane, Gateshead was last sold on 20 Jun 2011 for £28,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jun 2011, the market for similar properties has risen 16.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 31, Nursery Lane, Gateshead within a radius of 500 metres over the last 2 years.
The most recent example is 12, Windsor Court, Gateshead, NE10 9UA, a Leasehold flat which sold for £61,500 in Nov 2022.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Nursery Lane, Gateshead, NE10 has a total of 104 addresses. According to our analysis of all the public data, 31, Nursery Lane, Gateshead is the 104th largest and the 104th most expensive property on the street.
When compared to the postcode district it is £96k less expensive than the average property in NE10.
The closest station to 31, Nursery Lane, Gateshead is Heworth station which is 1.7 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 31, Nursery Lane, Gateshead, 32.4% of property is privately rented and 22.8% 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 31, Nursery Lane, Gateshead, 19.1% of residents are recorded as possessing school level qualifications and 32.3% 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 31, Nursery Lane, Gateshead, the average age was 37.2 and the most common age was 7.
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, Nursery Lane, 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 31, Nursery Lane, 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.