According to the public record, 40, Salisbury Street, Gateshead is a period freehold house with 914 ft2 of internal area and sits on a 156 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Salisbury Street, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
40, Salisbury Street, Gateshead has a single entry in the Land Registry database from July 2022 and a single entry in the EPC database dated January 2022.
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 Salisbury Street Gateshead as £145,344 and the rental value as £929 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 40 Salisbury Street Gateshead has increased by £5,109 (3.5%) and its rental value has increased by £95 per month (10.2%).
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, Salisbury Street, Gateshead is in very good condition we estimate a sale value of £152,611 and rental value of £975 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £135,170 and a rental value of £864 per month.
If you were able to purchase this property for the estimated value of £145,344, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £714 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 data from HM Land Registry, 40, Salisbury Street, Gateshead sits on a plot of 156m2.
We have plot size data on 4 out of 4 other houses in the postcode and 40, Salisbury Street, Gateshead sits on the 2nd largest plot.
According to HM Land Registry, 40, Salisbury Street, Gateshead was last sold on 19 Jul 2022 for £140,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2022, the market for similar properties has risen 4.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Salisbury Street, Gateshead within a radius of 680 metres over the last 2 years.
The most recent example is 19, Rothbury Avenue, Gateshead, NE10 0QY, a Freehold house which sold for £154,980 in Aug 2023.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Salisbury Street, Gateshead, NE10 has a total of 42 addresses. According to our analysis of all the public data, 40, Salisbury Street, Gateshead is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £11k less expensive than the average property in NE10.
40, Salisbury Street, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Jan 2022.
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, Salisbury Street, Gateshead is Heworth station which is 600 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, Salisbury Street, Gateshead, 55.8% of property is privately rented and 23.3% 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, Salisbury Street, Gateshead, 11.0% of residents are recorded as possessing school level qualifications and 38.3% 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, Salisbury Street, 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, Salisbury Street, Gateshead, 0.5% 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, Salisbury Street, 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.