According to the public record, 5 The Warehouse, Gateshead is a modern leasehold apartment with 979 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in The Warehouse, Well Lane, Gateshead, NE9.
Well Lane, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
5 The Warehouse, Gateshead has 3 entries in the Land Registry database, most recently in November 2023 and a single entry in the EPC database dated March 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 5 The Warehouse Gateshead as £200,348 and the rental value as £1,056 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 5 The Warehouse Gateshead has increased by £6,242 (3.1%) and its rental value has increased by £107 per month (10.1%).
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 The Warehouse, Gateshead is in very good condition we estimate a sale value of £210,365 and rental value of £1,109 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £186,324 and a rental value of £982 per month.
If you were able to purchase this property for the estimated value of £200,348, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £985 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 The Warehouse, Gateshead was last sold on 03 Nov 2023 for £195,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Nov 2023, the market for similar properties has risen 6.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5 The Warehouse, Gateshead within a radius of 460 metres over the last 2 years.
The most recent example is 2, Callaurie Court, Gateshead, NE9 6EB, a Leasehold flat which sold for £180,000 in Oct 2021.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Well Lane, Gateshead, NE9 has a total of 8 addresses. According to our analysis of all the public data, 5 The Warehouse, Gateshead is the 4th largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £44k more expensive than the average property in NE9.
5 The Warehouse, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Mar 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 5 The Warehouse, Gateshead is Dunston station which is 3.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 5 The Warehouse, Gateshead, 38.5% of property is privately owned outright and 35.0% 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 The Warehouse, Gateshead, 16.3% of residents are recorded as possessing school level qualifications and 42.4% 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 The Warehouse, Gateshead, the average age was 46 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 The Warehouse, Gateshead, 2.0% 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 The Warehouse, Gateshead, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.