According to the public record, 5, Claremont South Avenue, Gateshead is a period leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Claremont South Avenue, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
5, Claremont South Avenue, Gateshead has a single entry in the Land Registry database from November 2020 and a single entry in the EPC database dated July 2019.
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 5 Claremont South Avenue Gateshead as £66,849 and the rental value as £528 per month giving an expected gross yield of 9.5%.
Over the last 12 months the sale value of 5 Claremont South Avenue Gateshead has increased by £2,119 (3.2%) and its rental value has increased by £52 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 5, Claremont South Avenue, Gateshead is in very good condition we estimate a sale value of £70,191 and rental value of £555 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £62,169 and a rental value of £491 per month.
If you were able to purchase this property for the estimated value of £66,849, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £329 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, 5, Claremont South Avenue, Gateshead was last sold on 17 Nov 2020 for £59,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2020, the market for similar properties has risen 13.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Claremont South Avenue, Gateshead within a radius of 430 metres over the last 2 years.
The most recent example is 24, Hillfield Street, Gateshead, NE8 1QE, a Leasehold flat which sold for £55,000 in May 2022.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Claremont South Avenue, Gateshead, NE8 has a total of 63 addresses. According to our analysis of all the public data, 5, Claremont South Avenue, Gateshead is the 52nd largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £66k less expensive than the average property in NE8.
5, Claremont South Avenue, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Jul 2019.
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 5, Claremont South Avenue, Gateshead is Newcastle station which is 1.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, Claremont South Avenue, Gateshead, 53.5% of property is privately rented and 29.9% 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 5, Claremont South Avenue, Gateshead, 10.3% of residents are recorded as possessing school level qualifications and 31.2% 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 5, Claremont South 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 5, Claremont South Avenue, Gateshead, 0.9% 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 5, Claremont South Avenue, 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.