According to the public record, 34, Caris Street, Gateshead is a period leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Caris Street, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
34, Caris Street, Gateshead has 2 entries in the Land Registry database, most recently in August 2009 and a single entry in the EPC database dated March 2009.
We combine this information with that 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 34 Caris Street Gateshead as £74,085 and the rental value as £582 per month giving an expected gross yield of 9.4%.
Over the last 12 months the sale value of 34 Caris Street Gateshead has increased by £2,325 (3.1%) and its rental value has increased by £58 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 34, Caris Street, Gateshead is in very good condition we estimate a sale value of £77,789 and rental value of £611 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £68,899 and a rental value of £541 per month.
If you were able to purchase this property for the estimated value of £74,085, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £364 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, 34, Caris Street, Gateshead was last sold on 07 Aug 2009 for £70,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2009, the market for similar properties has risen 13.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 34, Caris Street, Gateshead within a radius of 360 metres over the last 2 years.
The most recent example is 12, Caris Street, Gateshead, NE8 3XD, a Leasehold flat which sold for £68,000 in Nov 2022.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Caris Street, Gateshead, NE8 has a total of 36 addresses. According to our analysis of all the public data, 34, Caris Street, Gateshead is the 16th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £59k less expensive than the average property in NE8.
34, Caris Street, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Mar 2009.
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 34, Caris Street, Gateshead is Heworth station which is 2.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 34, Caris Street, Gateshead, 49.0% of property is privately rented and 28.4% 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 34, Caris Street, Gateshead, 18.3% of residents are recorded as possessing school level qualifications and 21.7% 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 34, Caris Street, Gateshead, the average age was 38.5 and the most common age was 27.
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 34, Caris Street, 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 34, Caris Street, Gateshead, there are an average of 0.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.