According to the public record, 39, Rectory Place, Gateshead is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 542 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Rectory Place, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
39, Rectory Place, Gateshead has 21 entries in the Land Registry database, most recently in January 2014 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 39 Rectory Place Gateshead as £71,254 and the rental value as £572 per month giving an expected gross yield of 9.6%.
Over the last 12 months the sale value of 39 Rectory Place Gateshead has increased by £2,266 (3.2%) and its rental value has increased by £56 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 39, Rectory Place, Gateshead is in very good condition we estimate a sale value of £74,817 and rental value of £600 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £66,266 and a rental value of £532 per month.
If you were able to purchase this property for the estimated value of £71,254, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £350 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, 39, Rectory Place, Gateshead was last sold on 09 Jan 2014 for £30,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2014, the market for similar properties has risen 19.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 39, Rectory Place, Gateshead within a radius of 420 metres over the last 2 years.
The most recent example is 5, Claremont South Avenue, Gateshead, NE8 1RJ, a Leasehold flat which sold for £59,000 in Nov 2020.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rectory Place, Gateshead, NE8 has a total of 56 addresses. According to our analysis of all the public data, 39, Rectory Place, Gateshead is the 54th largest and the 56th most expensive property on the street.
When compared to the postcode district it is £62k less expensive than the average property in NE8.
The closest station to 39, Rectory Place, Gateshead is Newcastle station which is 1.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 39, Rectory Place, Gateshead, 53.4% of property is socially rented and 23.3% 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 39, Rectory Place, Gateshead, 10.2% of residents are recorded as possessing school level qualifications and 29.0% 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 39, Rectory Place, Gateshead, the average age was 38.1 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 39, Rectory Place, Gateshead, 0.4% 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 39, Rectory Place, 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.