According to the public record, 5, Water Mill Park, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,169 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Water Mill Park, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
5, Water Mill Park, Gateshead has 21 entries in the Land Registry database, most recently in February 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 5 Water Mill Park Gateshead as £214,530 and the rental value as £1,151 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 5 Water Mill Park Gateshead has increased by £3,424 (1.6%) and its rental value has increased by £100 per month (8.7%).
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, Water Mill Park, Gateshead is in very good condition we estimate a sale value of £225,256 and rental value of £1,209 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £199,513 and a rental value of £1,071 per month.
If you were able to purchase this property for the estimated value of £214,530, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,054 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, Water Mill Park, Gateshead was last sold on 29 Feb 2008 for £205,950 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Feb 2008, the market for similar properties has risen 23.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Water Mill Park, Gateshead within a radius of 540 metres over the last 2 years.
The most recent example is 14, Cheviot View, Gateshead, NE10 9SF, a Freehold house which sold for £249,950 in Jul 2023.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Water Mill Park, Gateshead, NE10 has a total of 7 addresses. According to our analysis of all the public data, 5, Water Mill Park, Gateshead is the largest and the most expensive property on the street.
When compared to the postcode district it is £58k more expensive than the average property in NE10.
The closest station to 5, Water Mill Park, Gateshead is Heworth station which is 1.0 kilometres 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, Water Mill Park, Gateshead, 50.7% of property is privately owned outright and 24.3% 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, Water Mill Park, Gateshead, 13.5% of residents are recorded as possessing school level qualifications and 20.6% 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, Water Mill Park, Gateshead, the average age was 43.7 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, Water Mill Park, Gateshead, 2.1% 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, Water Mill Park, 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.