According to the public record, 48, Howe Street, Gateshead is a period leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Howe Street, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
48, Howe Street, Gateshead has 51 entries in the Land Registry database, most recently in March 2024 and a single entry in the EPC database dated January 2024.
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 Howe Street Gateshead as £66,496 and the rental value as £509 per month giving an expected gross yield of 9.2%.
Over the last 12 months the sale value of 48 Howe Street Gateshead has increased by £2,021 (3.0%) and its rental value has increased by £50 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 48, Howe Street, Gateshead is in very good condition we estimate a sale value of £69,821 and rental value of £534 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £61,841 and a rental value of £473 per month.
If you were able to purchase this property for the estimated value of £66,496, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £327 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, Howe Street, Gateshead was last sold on 28 Mar 2024 for £66,500 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Mar 2024, the market for similar properties has risen 2.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 48, Howe Street, Gateshead within a radius of 470 metres over the last 2 years.
The most recent example is 28, King Edward Street, Gateshead, NE8 3PR, a Leasehold flat which sold for £65,500 in Apr 2024.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Howe Street, Gateshead, NE8 has a total of 111 addresses. According to our analysis of all the public data, 48, Howe Street, Gateshead is the 53rd largest and the 40th most expensive property on the street.
When compared to the postcode district it is £66k less expensive than the average property in NE8.
48, Howe Street, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Jan 2024.
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, Howe Street, Gateshead is Heworth station which is 2.1 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 48, Howe Street, Gateshead, 59.8% of property is privately rented and 18.6% 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 48, Howe Street, Gateshead, 8.9% of residents are recorded as possessing school level qualifications and 19.9% 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 48, Howe Street, Gateshead, the average age was 35.8 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 48, Howe Street, 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 48, Howe Street, Gateshead, there are an average of 0.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.