According to the public record, 40, Ridley Terrace, Gateshead is a period leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Ridley Terrace, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
40, Ridley Terrace, Gateshead has a single entry in the Land Registry database from September 2021 and a single entry in the EPC database dated August 2015.
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 40 Ridley Terrace Gateshead as £43,893 and the rental value as £357 per month giving an expected gross yield of 9.7%.
Over the last 12 months the sale value of 40 Ridley Terrace Gateshead has increased by £1,250 (2.8%) and its rental value has increased by £35 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 40, Ridley Terrace, Gateshead is in very good condition we estimate a sale value of £46,087 and rental value of £374 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £40,820 and a rental value of £332 per month.
If you were able to purchase this property for the estimated value of £43,893, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £216 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, Ridley Terrace, Gateshead was last sold on 03 Sep 2021 for £55,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2021, the market for similar properties has risen 10.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Ridley Terrace, Gateshead within a radius of 690 metres over the last 2 years.
The most recent example is 3, Ridley Terrace, Gateshead, NE10 0NQ, a Leasehold flat which sold for £39,999 in Jul 2023.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ridley Terrace, Gateshead, NE10 has a total of 68 addresses. According to our analysis of all the public data, 40, Ridley Terrace, Gateshead is the 37th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £113k less expensive than the average property in NE10.
40, Ridley Terrace, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Aug 2015.
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, Ridley Terrace, Gateshead is Heworth station which is 200 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 40, Ridley Terrace, Gateshead, 35.9% of property is socially rented and 23.6% 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 40, Ridley Terrace, Gateshead, 10.5% of residents are recorded as possessing school level qualifications and 26.8% 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, Ridley Terrace, Gateshead, the average age was 43.7 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 40, Ridley Terrace, 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, Ridley Terrace, Gateshead, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.