According to the public record, 55, Kells Lane, Gateshead is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 794 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Kells Lane, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
55, Kells Lane, Gateshead has a single entry in the Land Registry database from May 2022 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 55 Kells Lane Gateshead as £135,344 and the rental value as £825 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 55 Kells Lane Gateshead has increased by £4,354 (3.2%) and its rental value has increased by £86 per month (10.4%).
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 55, Kells Lane, Gateshead is in very good condition we estimate a sale value of £142,111 and rental value of £866 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £125,870 and a rental value of £767 per month.
If you were able to purchase this property for the estimated value of £135,344, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £665 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, 55, Kells Lane, Gateshead was last sold on 09 May 2022 for £118,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2022, the market for similar properties has risen 5.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55, Kells Lane, Gateshead within a radius of 480 metres over the last 2 years.
The most recent example is 75, Kells Lane, Gateshead, NE9 5SJ, a Leasehold flat which sold for £117,000 in Feb 2024.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Kells Lane, Gateshead, NE9 has a total of 183 addresses. According to our analysis of all the public data, 55, Kells Lane, Gateshead is the 120th largest and the 139th most expensive property on the street.
When compared to the postcode district it is £21k less expensive than the average property in NE9.
The closest station to 55, Kells Lane, Gateshead is Heworth station which is 2.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 55, Kells Lane, Gateshead, 41.7% of property is privately owned with a mortgage and 26.5% 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 55, Kells Lane, Gateshead, 17.6% of residents are recorded as possessing school level qualifications and 52.8% 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 55, Kells Lane, Gateshead, the average age was 43.8 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 55, Kells Lane, Gateshead, 1.1% 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 55, Kells Lane, 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.