According to the public record, 40 Midlothian Court, Gateshead is a modern leasehold apartment with 925 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Midlothian Court, Worsdell Drive, Gateshead, NE8.
Worsdell Drive, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
40 Midlothian Court, Gateshead has 2 entries in the Land Registry database, most recently in June 2022 and a single entry in the EPC database dated June 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 40 Midlothian Court Gateshead as £183,115 and the rental value as £967 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 40 Midlothian Court Gateshead has increased by £5,014 (2.7%) and its rental value has increased by £91 per month (9.4%).
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 Midlothian Court, Gateshead is in very good condition we estimate a sale value of £192,270 and rental value of £1,016 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £170,297 and a rental value of £900 per month.
If you were able to purchase this property for the estimated value of £183,115, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £900 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, 40 Midlothian Court, Gateshead was last sold on 20 Jun 2022 for £186,250 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2022, the market for similar properties has risen 4.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40 Midlothian Court, Gateshead within a radius of 540 metres over the last 2 years.
The most recent example is 9 Trigo House, Worsdell Drive, Gateshead, NE8 2DA, a Leasehold flat which sold for £180,000 in Jun 2024.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Worsdell Drive, Gateshead, NE8 has a total of 557 addresses. According to our analysis of all the public data, 40 Midlothian Court, Gateshead is the 26th largest and the 43rd most expensive property on the street.
When compared to the postcode district it is £50k more expensive than the average property in NE8.
40 Midlothian Court, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Jun 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The closest station to 40 Midlothian Court, Gateshead is Newcastle station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 40 Midlothian Court, Gateshead, 70.2% of property is privately rented and 20.2% 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 40 Midlothian Court, Gateshead, 13.9% of residents are recorded as possessing school level qualifications and 69.1% 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 40 Midlothian Court, Gateshead, the average age was 35.8 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 Midlothian Court, 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 40 Midlothian Court, 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.