According to the public record, 58, Kelvin Grove, Gateshead is a period apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Kelvin Grove, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
58, Kelvin Grove, Gateshead has no records in the Land Registry database and a single entry in the EPC database dated January 2024.
We combine this information with public data 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 58 Kelvin Grove Gateshead as £49,686 and the rental value as £386 per month giving an expected gross yield of 9.3%.
Over the last 12 months the sale value of 58 Kelvin Grove Gateshead has increased by £1,577 (3.2%) and its rental value has increased by £38 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 58, Kelvin Grove, Gateshead is in very good condition we estimate a sale value of £52,170 and rental value of £406 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £46,208 and a rental value of £359 per month.
If you were able to purchase this property for the estimated value of £49,686, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £244 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 58, Kelvin Grove, Gateshead within a radius of 350 metres over the last 2 years.
The most recent example is 42, Kelvin Grove, Gateshead, NE8 4QN, a Leasehold flat which sold for £40,500 in May 2018.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Kelvin Grove, Gateshead, NE8 has a total of 43 addresses. According to our analysis of all the public data, 58, Kelvin Grove, Gateshead is the 39th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £83k less expensive than the average property in NE8.
58, Kelvin Grove, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Jan 2024.
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 58, Kelvin Grove, Gateshead is Dunston station which is 1.8 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 58, Kelvin Grove, Gateshead, 36.3% of property is socially rented and 36.3% 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 58, Kelvin Grove, Gateshead, 19.0% of residents are recorded as possessing school level qualifications and 21.5% 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 58, Kelvin Grove, 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 58, Kelvin Grove, 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 58, Kelvin Grove, Gateshead, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.