According to the public record, 40, Gosforth Terrace, Gateshead is a mid-century house with 484 ft2 of internal area.
Houses of this size in this area normally have 2 bedrooms with a garden.
Gosforth Terrace, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
40, Gosforth Terrace, Gateshead has no records in the Land Registry database and a single entry in the EPC database dated December 2016.
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 40 Gosforth Terrace Gateshead as £80,707 and the rental value as £550 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 40 Gosforth Terrace Gateshead has increased by £3,566 (4.4%) and its rental value has increased by £61 per month (11.2%).
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 40, Gosforth Terrace, Gateshead is in very good condition we estimate a sale value of £84,742 and rental value of £577 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £75,057 and a rental value of £511 per month.
If you were able to purchase this property for the estimated value of £80,707, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £397 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 property sales within a 780 metres radius of 40, Gosforth Terrace, Gateshead over the last 2 years.
The most recent example is 8, Gosforth Terrace, Gateshead, NE10 0RA, a Leasehold flat which sold for £53,000 in Jul 2023.
Read more about house prices in NE10.
Gosforth Terrace, Gateshead, NE10 has a total of 84 addresses. According to our analysis of all the public data, 40, Gosforth Terrace, Gateshead is the 79th largest and the 59th most expensive property on the street.
When compared to the postcode district it is £76k less expensive than the average property in NE10.
40, Gosforth Terrace, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Dec 2016.
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 40, Gosforth Terrace, Gateshead is Heworth station which is 800 metres 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 40, Gosforth Terrace, Gateshead, 31.9% of property is socially rented and 28.6% 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 40, Gosforth Terrace, Gateshead, 15.4% of residents are recorded as possessing school level qualifications and 22.0% 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 40, Gosforth Terrace, Gateshead, the average age was 39.7 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 40, Gosforth Terrace, 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 40, Gosforth Terrace, Gateshead, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.