According to the public record, 41, Woodbine Street, Gateshead is a period leasehold apartment with 1,108 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Woodbine Street, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
41, Woodbine Street, Gateshead has a single entry in the Land Registry database from January 2024 and a single entry in the EPC database dated January 2023.
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 41 Woodbine Street Gateshead as £84,245 and the rental value as £618 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of 41 Woodbine Street Gateshead has increased by £2,728 (3.2%) and its rental value has increased by £61 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 41, Woodbine Street, Gateshead is in very good condition we estimate a sale value of £88,458 and rental value of £648 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £78,348 and a rental value of £574 per month.
If you were able to purchase this property for the estimated value of £84,245, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £414 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, 41, Woodbine Street, Gateshead was last sold on 12 Jan 2024 for £90,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2024, the market for similar properties has risen 8.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, Woodbine Street, Gateshead within a radius of 380 metres over the last 2 years.
The most recent example is 33, Woodbine Street, Gateshead, NE8 1ST, a Leasehold flat which sold for £61,500 in May 2018.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Woodbine Street, Gateshead, NE8 has a total of 124 addresses. According to our analysis of all the public data, 41, Woodbine Street, Gateshead is the 35th largest and the 82nd most expensive property on the street.
When compared to the postcode district it is £49k less expensive than the average property in NE8.
41, Woodbine Street, Gateshead has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Jan 2023.
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 41, Woodbine Street, Gateshead is Newcastle station which is 1.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 41, Woodbine Street, Gateshead, 62.7% of property is privately rented and 17.0% 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 41, Woodbine Street, Gateshead, 24.4% of residents are recorded as possessing school level qualifications and 27.1% 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 41, Woodbine Street, Gateshead, the average age was 38.1 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 41, Woodbine Street, 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 41, Woodbine 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.