According to the public record, 6, Richmond Terrace, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,506 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Richmond Terrace, Felling, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
6, Richmond Terrace, Gateshead has a single entry in the Land Registry database from February 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 6 Richmond Terrace Gateshead as £149,517 and the rental value as £904 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 6 Richmond Terrace Gateshead has increased by £4,038 (2.7%) and its rental value has increased by £88 per month (9.7%).
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, Richmond Terrace, Gateshead is in very good condition we estimate a sale value of £156,993 and rental value of £949 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £139,051 and a rental value of £840 per month.
If you were able to purchase this property for the estimated value of £149,517, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £735 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, Richmond Terrace, Gateshead was last sold on 24 Feb 2006 for £148,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, Richmond Terrace, Gateshead within a radius of 520 metres over the last 2 years.
The most recent example is 14, Rowlandson Terrace, Gateshead, NE10 9PN, a Freehold house which sold for £125,000 in Dec 2015.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richmond Terrace, Felling, Gateshead, NE10 has a total of 11 addresses. According to our analysis of all the public data, 6, Richmond Terrace, Gateshead is the 10th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £7k less expensive than the average property in NE10.
The closest station to 6, Richmond Terrace, Gateshead is Heworth station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 6, Richmond Terrace, Gateshead, 46.0% of property is socially rented and 23.0% 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 6, Richmond Terrace, Gateshead, 22.3% of residents are recorded as possessing school level qualifications and 16.8% 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, Richmond Terrace, Gateshead, the average age was 43.7 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 6, Richmond 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, Richmond Terrace, Gateshead, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.