According to the public record, 5, Market Lane, Gateshead is a period freehold house with 1,550 ft2 of internal area and sits on a 116 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Market Lane, Gateshead, NE11 is located in the borough of Gateshead within the NE11 postal district.
5, Market Lane, Gateshead has 31 entries in the Land Registry database, most recently in March 2024 and a single entry in the EPC database dated July 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
1Sales dated prior to 2007 are shown, but are not used in our calculations.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 5 Market Lane Gateshead as £181,103 and the rental value as £1,056 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 5 Market Lane Gateshead has increased by £2,396 (1.3%) and its rental value has increased by £93 per month (8.8%).
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, Market Lane, Gateshead is in very good condition we estimate a sale value of £190,158 and rental value of £1,109 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £168,426 and a rental value of £982 per month.
If you were able to purchase this property for the estimated value of £181,103, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £890 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, Market Lane, Gateshead sits on a plot of 116m2.
We have plot size data on 16 out of 27 other houses in the postcode and 5, Market Lane, Gateshead sits on the 6th largest plot.
According to HM Land Registry, 5, Market Lane, Gateshead was last sold on 01 Mar 2024 for £215,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Mar 2024, the market for similar properties has risen 2.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Market Lane, Gateshead within a radius of 640 metres over the last 2 years.
The most recent example is 82, Market Lane, Gateshead, NE11 9NY, a Freehold house which sold for £210,000 in May 2024.
Read more about house prices in NE11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Market Lane, Gateshead, NE11 has a total of 95 addresses. According to our analysis of all the public data, 5, Market Lane, Gateshead is the 15th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £48k more expensive than the average property in NE11.
5, Market Lane, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Jul 2015.
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, Market Lane, Gateshead is Dunston station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, Market Lane, Gateshead, 33.1% of property is privately rented and 24.0% 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, Market Lane, Gateshead, 13.9% of residents are recorded as possessing school level qualifications and 39.2% 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, Market Lane, Gateshead, the average age was 43.4 and the most common age was 52.
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, Market Lane, Gateshead, 2.2% 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 5, Market Lane, 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.