According to the public record, 58, Slaley Close, Gateshead is a mid-century leasehold apartment with 396 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Slaley Close, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
58, Slaley Close, Gateshead has 71 entries in the Land Registry database, most recently in December 2020 and a single entry in the EPC database dated June 2011.
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 58 Slaley Close Gateshead as £50,457 and the rental value as £398 per month giving an expected gross yield of 9.5%.
Over the last 12 months the sale value of 58 Slaley Close Gateshead has increased by £1,343 (2.7%) and its rental value has increased by £38 per month (9.5%).
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, Slaley Close, Gateshead is in very good condition we estimate a sale value of £52,980 and rental value of £418 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £46,925 and a rental value of £370 per month.
If you were able to purchase this property for the estimated value of £50,457, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £248 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, 58, Slaley Close, Gateshead was last sold on 11 Dec 2020 for £65,000 and was recorded as a leasehold flat.
The property has had 7 sales since 1995.
Since Dec 2020, the market for similar properties has risen 10.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 58, Slaley Close, Gateshead within a radius of 750 metres over the last 2 years.
The most recent example is 57, Slaley Close, Gateshead, NE10 8TW, a Leasehold flat which sold for £51,500 in Apr 2019.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Slaley Close, Gateshead, NE10 has a total of 72 addresses. According to our analysis of all the public data, 58, Slaley Close, Gateshead is the 53rd largest and the 54th most expensive property on the street.
When compared to the postcode district it is £106k less expensive than the average property in NE10.
58, Slaley Close, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Jun 2011.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 58, Slaley Close, Gateshead is Heworth station which is 2.0 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 58, Slaley Close, Gateshead, 50.6% of property is privately owned outright and 32.2% is privately owned with a mortgage.
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, Slaley Close, Gateshead, 8.9% of residents are recorded as possessing school level qualifications and 23.5% 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, Slaley Close, Gateshead, the average age was 45.1 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 58, Slaley Close, Gateshead, 1.3% 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, Slaley Close, 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.