According to the public record, 51, Macadam Street, Gateshead is a period leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Macadam Street, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
51, Macadam Street, Gateshead has 2 entries in the Land Registry database, most recently in October 2019 and a single entry in the EPC database dated November 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 51 Macadam Street Gateshead as £81,495 and the rental value as £637 per month giving an expected gross yield of 9.4%.
Over the last 12 months the sale value of 51 Macadam Street Gateshead has increased by £2,591 (3.2%) and its rental value has increased by £63 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 51, Macadam Street, Gateshead is in very good condition we estimate a sale value of £85,570 and rental value of £669 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £75,791 and a rental value of £593 per month.
If you were able to purchase this property for the estimated value of £81,495, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £401 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, 51, Macadam Street, Gateshead was last sold on 11 Oct 2019 for £53,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2019, the market for similar properties has risen 15.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 51, Macadam Street, Gateshead within a radius of 420 metres over the last 2 years.
The most recent example is 13, Macadam Street, Gateshead, NE8 4TS, a Leasehold flat which sold for £73,000 in Nov 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Macadam Street, Gateshead, NE8 has a total of 36 addresses. According to our analysis of all the public data, 51, Macadam Street, Gateshead is the 20th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £51k less expensive than the average property in NE8.
51, Macadam Street, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Nov 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 51, Macadam Street, Gateshead is Dunston station which is 1.7 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 51, Macadam Street, Gateshead, 42.0% of property is privately owned with a mortgage and 21.0% is privately rented.
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 51, Macadam Street, Gateshead, 19.9% of residents are recorded as possessing school level qualifications and 40.8% 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 51, Macadam Street, Gateshead, the average age was 35.8 and the most common age was 32.
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 51, Macadam Street, 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 51, Macadam Street, 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.