According to the public record, 337, Rectory Road, Gateshead is a period apartment with 1,097 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Rectory Road, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
337, Rectory Road, Gateshead has no records in the Land Registry database and a single entry in the EPC database dated May 2014.
We combine this information with public data 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 337 Rectory Road Gateshead as £122,344 and the rental value as £897 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of 337 Rectory Road Gateshead has increased by £3,991 (3.3%) and its rental value has increased by £89 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 337, Rectory Road, Gateshead is in very good condition we estimate a sale value of £128,461 and rental value of £942 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £113,780 and a rental value of £834 per month.
If you were able to purchase this property for the estimated value of £122,344, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £601 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 337, Rectory Road, Gateshead within a radius of 340 metres over the last 2 years.
The most recent example is 184, Brinkburn Avenue, Gateshead, NE8 4JX, a Leasehold flat which sold for £159,950 in Oct 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rectory Road, Gateshead, NE8 has a total of 226 addresses. According to our analysis of all the public data, 337, Rectory Road, Gateshead is the 107th largest and the 68th most expensive property on the street.
When compared to the postcode district it is £10k less expensive than the average property in NE8.
337, Rectory Road, Gateshead has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 02 May 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 337, Rectory Road, Gateshead is Dunston station which is 2.1 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 337, Rectory Road, Gateshead, 59.7% of property is privately rented and 23.6% 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 337, Rectory Road, Gateshead, 21.1% of residents are recorded as possessing school level qualifications and 44.9% 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 337, Rectory 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 337, Rectory 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 337, Rectory Road, Gateshead, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.