33, Megstone, Gateshead has a single entry in the Land Registry database from October 2017 and a single entry in the EPC database dated April 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
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 33, Megstone, Gateshead is in very good condition we estimate a sale value of £110,211 and rental value of £738 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £97,615 and a rental value of £654 per month.
If you were able to purchase this property for the estimated value of £104,963, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £516 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, 33, Megstone, Gateshead was last sold on 13 Oct 2017 for £95,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2017, the market for similar properties has risen 10.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 33, Megstone, Gateshead within a radius of 480 metres over the last 2 years.
The most recent example is 53, Islestone, Gateshead, NE9 5HZ, a Leasehold flat which sold for £121,550 in May 2024.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Megstone, Gateshead, NE9 has a total of 16 addresses. According to our analysis of all the public data, 33, Megstone, Gateshead is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £52k less expensive than the average property in NE9.
33, Megstone, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Apr 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
According to the public record, 33, Megstone, Gateshead is a mid-century leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Megstone, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 33 Megstone Gateshead as £104,963 and the rental value as £703 per month giving an expected gross yield of 8%.
Over the last 12 months the sale value of 33 Megstone Gateshead has increased by £2,832 (2.7%) and its rental value has increased by £69 per month (9.8%).
The closest station to 33, Megstone, Gateshead is Heworth station which is 3.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 33, Megstone, Gateshead, 46.1% of property is privately owned outright and 27.0% is privately 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 33, Megstone, Gateshead, 8.7% of residents are recorded as possessing school level qualifications and 28.4% 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 33, Megstone, Gateshead, the average age was 46 and the most common age was 52.
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 33, Megstone, Gateshead, 2.1% 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 33, Megstone, 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.