According to the public record, 56, Wordsworth Street, Gateshead is a period leasehold apartment with 677 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Wordsworth Street, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
56, Wordsworth Street, Gateshead has 31 entries in the Land Registry database, most recently in October 2010 and a single entry in the EPC database dated May 2009.
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 Wordsworth Street Gateshead as £75,360 and the rental value as £581 per month giving an expected gross yield of 9.2%.
Over the last 12 months the sale value of 56 Wordsworth Street Gateshead has increased by £2,392 (3.2%) and its rental value has increased by £57 per month (9.8%).
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, Wordsworth Street, Gateshead is in very good condition we estimate a sale value of £79,128 and rental value of £610 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £70,085 and a rental value of £540 per month.
If you were able to purchase this property for the estimated value of £75,360, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £370 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, Wordsworth Street, Gateshead was last sold on 01 Oct 2010 for £62,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2010, the market for similar properties has risen 12.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Wordsworth Street, Gateshead within a radius of 530 metres over the last 2 years.
The most recent example is 8, Wordsworth Street, Gateshead, NE8 3HE, a Leasehold flat which sold for £76,000 in Mar 2024.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wordsworth Street, Gateshead, NE8 has a total of 45 addresses. According to our analysis of all the public data, 56, Wordsworth Street, Gateshead is the 39th largest and the 42nd most expensive property on the street.
When compared to the postcode district it is £57k less expensive than the average property in NE8.
56, Wordsworth Street, Gateshead has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 23 May 2009.
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, Wordsworth Street, Gateshead is Manors station which is 1.9 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 56, Wordsworth Street, Gateshead, 30.5% of property is socially rented and 27.3% 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, Wordsworth Street, Gateshead, 16.1% of residents are recorded as possessing school level qualifications and 20.5% 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, Wordsworth Street, Gateshead, the average age was 35.8 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, Wordsworth 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 56, Wordsworth Street, Gateshead, there are an average of 0.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.