According to the public record, 56, Beverley Road, Gateshead is a early-century leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Beverley Road, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
56, Beverley Road, Gateshead has 21 entries in the Land Registry database, most recently in May 2021 and a single entry in the EPC database dated December 2020.
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 56 Beverley Road Gateshead as £128,396 and the rental value as £794 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 56 Beverley Road Gateshead has increased by £4,130 (3.2%) and its rental value has increased by £82 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 56, Beverley Road, Gateshead is in very good condition we estimate a sale value of £134,816 and rental value of £833 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £119,409 and a rental value of £738 per month.
If you were able to purchase this property for the estimated value of £128,396, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £631 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, 56, Beverley Road, Gateshead was last sold on 06 May 2021 for £125,250 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2021, the market for similar properties has risen 10.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Beverley Road, Gateshead within a radius of 510 metres over the last 2 years.
The most recent example is 72, Beverley Road, Gateshead, NE9 5UJ, a Leasehold flat which sold for £124,950 in Dec 2022.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Beverley Road, Gateshead, NE9 has a total of 70 addresses. According to our analysis of all the public data, 56, Beverley Road, Gateshead is the 51st largest and the 53rd most expensive property on the street.
When compared to the postcode district it is £28k less expensive than the average property in NE9.
56, Beverley Road, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Dec 2020.
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 56, Beverley Road, Gateshead is Heworth station which is 2.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 56, Beverley Road, Gateshead, 26.6% of property is privately owned with a mortgage and 26.6% 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 56, Beverley Road, Gateshead, 7.7% of residents are recorded as possessing school level qualifications and 32.5% 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 56, Beverley Road, 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 56, Beverley Road, Gateshead, 0.4% 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 56, Beverley Road, Gateshead, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.