According to the public record, 4, Slaley Close, Gateshead is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 409 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Slaley Close, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
4, Slaley Close, Gateshead has 21 entries in the Land Registry database, most recently in February 2006 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 4 Slaley Close Gateshead as £50,649 and the rental value as £400 per month giving an expected gross yield of 9.5%.
Over the last 12 months the sale value of 4 Slaley Close Gateshead has increased by £1,348 (2.7%) and its rental value has increased by £38 per month (9.5%).
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 4, Slaley Close, Gateshead is in very good condition we estimate a sale value of £53,181 and rental value of £420 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £47,103 and a rental value of £372 per month.
If you were able to purchase this property for the estimated value of £50,649, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £249 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, 4, Slaley Close, Gateshead was last sold on 24 Feb 2006 for £78,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Slaley Close, Gateshead within a radius of 690 metres over the last 2 years.
The most recent example is 58, Slaley Close, Gateshead, NE10 8TW, a Leasehold flat which sold for £65,000 in Dec 2020.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Slaley Close, Gateshead, NE10 has a total of 72 addresses. According to our analysis of all the public data, 4, Slaley Close, Gateshead is the 48th largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £106k less expensive than the average property in NE10.
The closest station to 4, Slaley Close, Gateshead is Heworth station which is 2.0 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 4, Slaley Close, Gateshead, 50.6% of property is privately owned outright and 32.2% 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 4, Slaley Close, Gateshead, 8.9% of residents are recorded as possessing school level qualifications and 23.5% 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 4, Slaley Close, Gateshead, the average age was 45.1 and the most common age was 57.
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 4, Slaley Close, Gateshead, 1.3% 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 4, Slaley Close, 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.