According to the public record, 5, Colegate West, Gateshead is a mid-century freehold house with 828 ft2 of internal area and sits on a 443 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Colegate West, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
5, Colegate West, Gateshead has 21 entries in the Land Registry database, most recently in August 2018 and a single entry in the EPC database dated January 2018.
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 Colegate West Gateshead as £210,640 and the rental value as £1,049 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 5 Colegate West Gateshead has increased by £7,049 (3.3%) and its rental value has increased by £108 per month (10.3%).
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, Colegate West, Gateshead is in very good condition we estimate a sale value of £221,172 and rental value of £1,102 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £195,895 and a rental value of £976 per month.
If you were able to purchase this property for the estimated value of £210,640, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,035 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 data from HM Land Registry, 5, Colegate West, Gateshead sits on a plot of 443m2.
We have plot size data on 9 out of 17 other houses in the postcode and 5, Colegate West, Gateshead sits on the 3rd largest plot.
According to HM Land Registry, 5, Colegate West, Gateshead was last sold on 03 Aug 2018 for £163,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2018, the market for similar properties has risen 24.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Colegate West, Gateshead within a radius of 630 metres over the last 2 years.
The most recent example is 3, Colegate West, Gateshead, NE10 9AH, a Freehold house which sold for £155,000 in Apr 2021.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Colegate West, Gateshead, NE10 has a total of 17 addresses. According to our analysis of all the public data, 5, Colegate West, Gateshead is the 15th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £54k more expensive than the average property in NE10.
5, Colegate West, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Jan 2018.
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, Colegate West, Gateshead is Heworth station which is 800 metres 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 5, Colegate West, Gateshead, 38.0% of property is privately owned outright and 30.6% 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 5, Colegate West, Gateshead, 15.3% of residents are recorded as possessing school level qualifications and 19.8% 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, Colegate West, Gateshead, the average age was 41.4 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 5, Colegate West, 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 5, Colegate West, Gateshead, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.