According to the public record, 45, Wellington Road, Gateshead is a early-century leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Wellington Road, Gateshead, NE11 is located in the borough of Gateshead within the NE11 postal district.
45, Wellington Road, Gateshead has 31 entries in the Land Registry database, most recently in July 2022 and a single entry in the EPC database dated December 2021.
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.
1Sales dated prior to 2007 are shown, but are not used in our calculations.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 45 Wellington Road Gateshead as £67,512 and the rental value as £542 per month giving an expected gross yield of 9.6%.
Over the last 12 months the sale value of 45 Wellington Road Gateshead has increased by £1,570 (2.3%) and its rental value has increased by £53 per month (9.8%).
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 45, Wellington Road, Gateshead is in very good condition we estimate a sale value of £70,888 and rental value of £569 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £62,786 and a rental value of £504 per month.
If you were able to purchase this property for the estimated value of £67,512, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £332 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, 45, Wellington Road, Gateshead was last sold on 22 Jul 2022 for £60,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jul 2022, the market for similar properties has risen 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 45, Wellington Road, Gateshead within a radius of 570 metres over the last 2 years.
The most recent example is 59, Wellington Road, Gateshead, NE11 9HD, a Leasehold flat which sold for £62,500 in Jan 2022.
Read more about house prices in NE11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wellington Road, Gateshead, NE11 has a total of 109 addresses. According to our analysis of all the public data, 45, Wellington Road, Gateshead is the 106th largest and the 104th most expensive property on the street.
When compared to the postcode district it is £65k less expensive than the average property in NE11.
45, Wellington Road, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Dec 2021.
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 45, Wellington Road, Gateshead is Dunston station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 45, Wellington Road, Gateshead, 44.2% of property is privately rented and 27.5% 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 45, Wellington Road, Gateshead, 10.7% of residents are recorded as possessing school level qualifications and 24.9% 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 45, Wellington Road, Gateshead, the average age was 38.5 and the most common age was 32.
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 45, Wellington Road, 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 45, Wellington Road, Gateshead, there are an average of 0.9 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.