According to the public record, 46, The Avenue, Gateshead is a early-century leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The Avenue, Felling, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
46, The Avenue, Gateshead has a single entry in the Land Registry database from October 2007 and a single entry in the EPC database dated July 2017.
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 The Avenue Gateshead as £64,968 and the rental value as £512 per month giving an expected gross yield of 9.5%.
Over the last 12 months the sale value of 46 The Avenue Gateshead has increased by £1,907 (2.9%) and its rental value has increased by £51 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, The Avenue, Gateshead is in very good condition we estimate a sale value of £68,216 and rental value of £538 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £60,420 and a rental value of £476 per month.
If you were able to purchase this property for the estimated value of £64,968, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £319 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, The Avenue, Gateshead was last sold on 10 Oct 2007 for £77,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2007, the market for similar properties has dropped 3.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 46, The Avenue, Gateshead within a radius of 660 metres over the last 2 years.
The most recent example is 48, The Avenue, Gateshead, NE10 0JA, a Leasehold flat which sold for £66,000 in Jan 2023.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Avenue, Felling, Gateshead, NE10 has a total of 42 addresses. According to our analysis of all the public data, 46, The Avenue, Gateshead is the 38th largest and the 40th most expensive property on the street.
When compared to the postcode district it is £92k less expensive than the average property in NE10.
46, The Avenue, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Jul 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 46, The Avenue, Gateshead is Heworth station which is 1.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 46, The Avenue, Gateshead, 40.0% of property is privately rented and 36.3% 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, The Avenue, Gateshead, 11.4% of residents are recorded as possessing school level qualifications and 26.4% 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, The Avenue, 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, The Avenue, 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 46, The Avenue, Gateshead, there are an average of 0.7 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.