According to the public record, 46, Cartmel Park, Gateshead is a modern leasehold apartment with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Cartmel Park, Pelaw, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
46, Cartmel Park, Gateshead has 21 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated December 2020.
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 46 Cartmel Park Gateshead as £90,832 and the rental value as £663 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of 46 Cartmel Park Gateshead has increased by £2,728 (3.0%) and its rental value has increased by £64 per month (9.7%).
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 46, Cartmel Park, Gateshead is in very good condition we estimate a sale value of £95,373 and rental value of £696 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £84,473 and a rental value of £617 per month.
If you were able to purchase this property for the estimated value of £90,832, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £446 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, 46, Cartmel Park, Gateshead was last sold on 31 Mar 2021 for £64,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2021, the market for similar properties has risen 9.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 46, Cartmel Park, Gateshead within a radius of 560 metres over the last 2 years.
The most recent example is 37, Cartmel Park, Gateshead, NE10 0UZ, a Leasehold flat which sold for £90,000 in Aug 2023.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cartmel Park, Pelaw, Gateshead, NE10 has a total of 47 addresses. According to our analysis of all the public data, 46, Cartmel Park, Gateshead is the 41st largest and the 42nd most expensive property on the street.
When compared to the postcode district it is £66k less expensive than the average property in NE10.
46, Cartmel Park, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Dec 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 46, Cartmel Park, Gateshead is Heworth station which is 900 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 46, Cartmel Park, Gateshead, 41.6% of property is privately rented and 39.1% 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 46, Cartmel Park, Gateshead, 18.5% of residents are recorded as possessing school level qualifications and 41.2% 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 46, Cartmel Park, 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 46, Cartmel Park, Gateshead, 0.3% 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 46, Cartmel Park, 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.