According to the public record, 58, The Avenue, Gateshead is a early-century apartment with 914 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The Avenue, Felling, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
58, The Avenue, Gateshead has no records in the Land Registry database and a single entry in the EPC database dated March 2021.
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 The Avenue Gateshead as £78,171 and the rental value as £576 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of 58 The Avenue Gateshead has increased by £2,327 (3.0%) and its rental value has increased by £57 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, The Avenue, Gateshead is in very good condition we estimate a sale value of £82,080 and rental value of £605 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £72,699 and a rental value of £536 per month.
If you were able to purchase this property for the estimated value of £78,171, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £384 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, The Avenue, Gateshead within a radius of 680 metres over the last 2 years.
The most recent example is 4, Gosforth Street, Gateshead, NE10 9LS, a Leasehold flat which sold for £60,000 in Apr 2014.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Avenue, Felling, Gateshead, NE10 has a total of 42 addresses. According to our analysis of all the public data, 58, The Avenue, Gateshead is the 31st largest and the 32nd most expensive property on the street.
When compared to the postcode district it is £78k less expensive than the average property in NE10.
58, The Avenue, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Mar 2021.
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, The Avenue, Gateshead is Heworth station which is 1.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 58, The Avenue, Gateshead, 40.0% of property is privately rented and 36.3% 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 58, The Avenue, Gateshead, 11.4% of residents are recorded as possessing school level qualifications and 26.4% 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, The Avenue, 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 58, The Avenue, 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, The Avenue, Gateshead, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.