According to the public record, 49, Newbury Avenue, Gateshead is a early-century leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Newbury Avenue, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
49, Newbury Avenue, Gateshead has 31 entries in the Land Registry database, most recently in September 2010 and a single entry in the EPC database dated December 2023.
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 49 Newbury Avenue Gateshead as £91,723 and the rental value as £702 per month giving an expected gross yield of 9.2%.
Over the last 12 months the sale value of 49 Newbury Avenue Gateshead has increased by £2,899 (3.2%) and its rental value has increased by £69 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 49, Newbury Avenue, Gateshead is in very good condition we estimate a sale value of £96,309 and rental value of £737 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £85,303 and a rental value of £653 per month.
If you were able to purchase this property for the estimated value of £91,723, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £451 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, 49, Newbury Avenue, Gateshead was last sold on 30 Sep 2010 for £82,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2010, the market for similar properties has risen 13.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 49, Newbury Avenue, Gateshead within a radius of 460 metres over the last 2 years.
The most recent example is 16, Saltwell Place, Gateshead, NE8 4QY, a Leasehold flat which sold for £50,000 in Dec 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Newbury Avenue, Gateshead, NE8 has a total of 29 addresses. According to our analysis of all the public data, 49, Newbury Avenue, Gateshead is the 27th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £41k less expensive than the average property in NE8.
49, Newbury Avenue, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Dec 2023.
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 49, Newbury Avenue, Gateshead is Dunston station which is 1.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 49, Newbury Avenue, Gateshead, 29.7% of property is socially rented and 28.9% 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 49, Newbury Avenue, Gateshead, 12.8% of residents are recorded as possessing school level qualifications and 16.9% 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 49, Newbury Avenue, Gateshead, the average age was 38.1 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 49, Newbury 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 49, Newbury 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.