According to the public record, 56, Gosforth Terrace, Gateshead is a mid-century freehold house with 904 ft2 of internal area and sits on a 249 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Gosforth Terrace, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
56, Gosforth Terrace, Gateshead has a single entry in the Land Registry database from October 2013 and a single entry in the EPC database dated July 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 Gosforth Terrace Gateshead as £138,256 and the rental value as £892 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 56 Gosforth Terrace Gateshead has increased by £4,860 (3.5%) and its rental value has increased by £91 per month (10.2%).
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, Gosforth Terrace, Gateshead is in very good condition we estimate a sale value of £145,169 and rental value of £937 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £128,578 and a rental value of £830 per month.
If you were able to purchase this property for the estimated value of £138,256, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £679 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 data from HM Land Registry, 56, Gosforth Terrace, Gateshead sits on a plot of 249m2.
We have plot size data on 21 out of 47 other houses in the postcode and 56, Gosforth Terrace, Gateshead sits on the 4th largest plot.
According to HM Land Registry, 56, Gosforth Terrace, Gateshead was last sold on 01 Oct 2013 for £85,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2013, the market for similar properties has risen 35.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Gosforth Terrace, Gateshead within a radius of 760 metres over the last 2 years.
The most recent example is 19, Rothbury Avenue, Gateshead, NE10 0QY, a Freehold house which sold for £154,980 in Aug 2023.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gosforth Terrace, Gateshead, NE10 has a total of 84 addresses. According to our analysis of all the public data, 56, Gosforth Terrace, Gateshead is the 23rd largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £18k less expensive than the average property in NE10.
56, Gosforth Terrace, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Jul 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, Gosforth Terrace, Gateshead is Heworth station which is 500 metres 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 56, Gosforth Terrace, Gateshead, 32.0% of property is privately owned with a mortgage and 28.7% is privately owned outright.
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, Gosforth Terrace, Gateshead, 18.7% of residents are recorded as possessing school level qualifications and 27.9% 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, Gosforth Terrace, Gateshead, the average age was 39.7 and the most common age was 27.
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, Gosforth Terrace, Gateshead, 0.7% 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, Gosforth Terrace, 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.