According to the public record, 48, High Street, Gateshead is a period leasehold apartment with 882 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
High Street, Felling, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
48, High Street, Gateshead has a single entry in the Land Registry database from January 2012 and a single entry in the EPC database dated February 2021.
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 48 High Street Gateshead as £67,320 and the rental value as £502 per month giving an expected gross yield of 8.9%.
Over the last 12 months the sale value of 48 High Street Gateshead has increased by £1,974 (2.9%) and its rental value has increased by £50 per month (10.1%).
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 48, High Street, Gateshead is in very good condition we estimate a sale value of £70,686 and rental value of £527 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £62,608 and a rental value of £467 per month.
If you were able to purchase this property for the estimated value of £67,320, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £331 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, 48, High Street, Gateshead was last sold on 31 Jan 2012 for £46,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2012, the market for similar properties has risen 19.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 48, High Street, Gateshead within a radius of 560 metres over the last 2 years.
The most recent example is 62, Hewitson Terrace, Gateshead, NE10 9HQ, a Leasehold flat which sold for £65,000 in May 2021.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
High Street, Felling, Gateshead, NE10 has a total of 42 addresses. According to our analysis of all the public data, 48, High Street, Gateshead is the 26th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £89k less expensive than the average property in NE10.
48, High Street, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Feb 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 48, High Street, Gateshead is Heworth station which is 1.0 kilometres 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 48, High Street, Gateshead, 58.2% of property is socially rented and 19.4% is privately rented.
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 48, High Street, Gateshead, 21.5% of residents are recorded as possessing school level qualifications and 22.4% 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 48, High Street, Gateshead, the average age was 43.7 and the most common age was 57.
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 48, High Street, Gateshead, 1.2% 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 48, High Street, Gateshead, there are an average of 0.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.