According to the public record, 6, Overhill Terrace, Gateshead is a period leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Overhill Terrace, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
6, Overhill Terrace, Gateshead has a single entry in the Land Registry database from January 2011 and a single entry in the EPC database dated November 2022.
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 6 Overhill Terrace Gateshead as £70,644 and the rental value as £553 per month giving an expected gross yield of 9.4%.
Over the last 12 months the sale value of 6 Overhill Terrace Gateshead has increased by £2,264 (3.2%) and its rental value has increased by £55 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 6, Overhill Terrace, Gateshead is in very good condition we estimate a sale value of £74,176 and rental value of £580 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £65,699 and a rental value of £514 per month.
If you were able to purchase this property for the estimated value of £70,644, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £347 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, 6, Overhill Terrace, Gateshead was last sold on 07 Jan 2011 for £59,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2011, the market for similar properties has risen 18.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, Overhill Terrace, Gateshead within a radius of 410 metres over the last 2 years.
The most recent example is 55, Woodbine Street, Gateshead, NE8 1ST, a Leasehold flat which sold for £55,000 in May 2024.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Overhill Terrace, Gateshead, NE8 has a total of 36 addresses. According to our analysis of all the public data, 6, Overhill Terrace, Gateshead is the 15th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £62k less expensive than the average property in NE8.
6, Overhill Terrace, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Nov 2022.
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 6, Overhill Terrace, Gateshead is Newcastle station which is 1.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 6, Overhill Terrace, Gateshead, 38.9% of property is privately rented and 29.2% is socially 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 6, Overhill Terrace, Gateshead, 25.3% of residents are recorded as possessing school level qualifications and 17.0% 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 6, Overhill Terrace, Gateshead, the average age was 38.1 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 6, Overhill Terrace, 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 6, Overhill Terrace, 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.