According to the public record, 43, Northbourne Street, Gateshead is a period leasehold apartment with 936 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Northbourne Street, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
43, Northbourne Street, Gateshead has 2 entries in the Land Registry database, most recently in December 2019 and a single entry in the EPC database dated March 2017.
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 43 Northbourne Street Gateshead as £76,440 and the rental value as £560 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of 43 Northbourne Street Gateshead has increased by £2,415 (3.2%) and its rental value has increased by £56 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 43, Northbourne Street, Gateshead is in very good condition we estimate a sale value of £80,262 and rental value of £588 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £71,089 and a rental value of £521 per month.
If you were able to purchase this property for the estimated value of £76,440, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £376 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, 43, Northbourne Street, Gateshead was last sold on 19 Dec 2019 for £65,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2019, the market for similar properties has risen 15.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 43, Northbourne Street, Gateshead within a radius of 390 metres over the last 2 years.
The most recent example is 30, Chandos Street, Gateshead, NE8 4AB, a Leasehold flat which sold for £60,000 in Jan 2019.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Northbourne Street, Gateshead, NE8 has a total of 117 addresses. According to our analysis of all the public data, 43, Northbourne Street, Gateshead is the 9th largest and the 63rd most expensive property on the street.
When compared to the postcode district it is £56k less expensive than the average property in NE8.
43, Northbourne Street, Gateshead has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 30 Mar 2017.
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 43, Northbourne Street, Gateshead is Newcastle station which is 2.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 43, Northbourne Street, Gateshead, 55.5% of property is privately rented and 18.8% 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 43, Northbourne Street, Gateshead, 18.7% of residents are recorded as possessing school level qualifications and 26.2% 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 43, Northbourne Street, Gateshead, the average age was 38.5 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 43, Northbourne Street, 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 43, Northbourne Street, Gateshead, there are an average of 0.5 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.