According to the public record, 34, Worley Avenue, Gateshead is a period leasehold apartment with 1,130 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Worley Avenue, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
34, Worley Avenue, Gateshead has 31 entries in the Land Registry database, most recently in October 2023 and a single entry in the EPC database dated July 2014.
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 Worley Avenue Gateshead as £181,264 and the rental value as £995 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 34 Worley Avenue Gateshead has increased by £6,225 (3.4%) and its rental value has increased by £105 per month (10.6%).
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, Worley Avenue, Gateshead is in very good condition we estimate a sale value of £190,327 and rental value of £1,045 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £168,575 and a rental value of £926 per month.
If you were able to purchase this property for the estimated value of £181,264, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £891 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, Worley Avenue, Gateshead was last sold on 06 Oct 2023 for £170,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2023, the market for similar properties has risen 4.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 34, Worley Avenue, Gateshead within a radius of 500 metres over the last 2 years.
The most recent example is 46, Worley Avenue, Gateshead, NE9 6AL, a Leasehold flat which sold for £175,650 in Jun 2022.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Worley Avenue, Gateshead, NE9 has a total of 43 addresses. According to our analysis of all the public data, 34, Worley Avenue, Gateshead is the 8th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £25k more expensive than the average property in NE9.
34, Worley Avenue, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Jul 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 34, Worley Avenue, Gateshead is Dunston station which is 3.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 34, Worley Avenue, Gateshead, 45.5% of property is privately owned with a mortgage and 42.7% is privately owned outright.
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, Worley Avenue, Gateshead, 17.8% of residents are recorded as possessing school level qualifications and 45.1% 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, Worley Avenue, 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 34, Worley Avenue, Gateshead, 0.8% 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, Worley Avenue, Gateshead, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.