According to the public record, 46, Market Lane, Gateshead is a period leasehold apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Market Lane, Gateshead, NE11 is located in the borough of Gateshead within the NE11 postal district.
46, Market Lane, Gateshead has a single entry in the Land Registry database from February 2023 and a single entry in the EPC database dated September 2022.
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 46 Market Lane Gateshead as £96,935 and the rental value as £745 per month giving an expected gross yield of 9.2%.
Over the last 12 months the sale value of 46 Market Lane Gateshead has increased by £2,327 (2.4%) and its rental value has increased by £74 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 46, Market Lane, Gateshead is in very good condition we estimate a sale value of £101,781 and rental value of £783 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £90,149 and a rental value of £693 per month.
If you were able to purchase this property for the estimated value of £96,935, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £476 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, Market Lane, Gateshead was last sold on 28 Feb 2023 for £85,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2023, the market for similar properties has risen 4.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 46, Market Lane, Gateshead within a radius of 730 metres over the last 2 years.
The most recent example is 30, Market Lane, Gateshead, NE11 9NY, a Leasehold flat which sold for £95,000 in Sep 2023.
Read more about house prices in NE11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Market Lane, Gateshead, NE11 has a total of 95 addresses. According to our analysis of all the public data, 46, Market Lane, Gateshead is the 66th largest and the 72nd most expensive property on the street.
When compared to the postcode district it is £36k less expensive than the average property in NE11.
46, Market Lane, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Sep 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 46, Market Lane, Gateshead is Dunston station which is 800 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, Market Lane, Gateshead, 33.1% of property is privately rented and 24.0% 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 46, Market Lane, Gateshead, 13.9% of residents are recorded as possessing school level qualifications and 39.2% 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, Market Lane, Gateshead, the average age was 43.4 and the most common age was 52.
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, Market Lane, Gateshead, 2.2% 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, Market Lane, Gateshead, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.