According to the public record, 6, Rosebery Avenue, Gateshead is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 644 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Rosebery Avenue, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
6, Rosebery Avenue, Gateshead has a single entry in the Land Registry database from February 2019 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 Rosebery Avenue Gateshead as £71,685 and the rental value as £558 per month giving an expected gross yield of 9.3%.
Over the last 12 months the sale value of 6 Rosebery Avenue Gateshead has increased by £2,250 (3.1%) 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, Rosebery Avenue, Gateshead is in very good condition we estimate a sale value of £75,269 and rental value of £586 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £66,667 and a rental value of £519 per month.
If you were able to purchase this property for the estimated value of £71,685, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £352 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, Rosebery Avenue, Gateshead was last sold on 22 Feb 2019 for £50,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2019, the market for similar properties has risen 15.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, Rosebery Avenue, Gateshead within a radius of 370 metres over the last 2 years.
The most recent example is 9, Rosebery Avenue, Gateshead, NE8 3XB, a Leasehold flat which sold for £77,000 in Dec 2022.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rosebery Avenue, Gateshead, NE8 has a total of 37 addresses. According to our analysis of all the public data, 6, Rosebery Avenue, Gateshead is the 34th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £61k less expensive than the average property in NE8.
The closest station to 6, Rosebery Avenue, Gateshead is Heworth station which is 2.4 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 6, Rosebery Avenue, Gateshead, 36.3% of property is socially rented and 35.7% 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 6, Rosebery Avenue, Gateshead, 21.9% of residents are recorded as possessing school level qualifications and 19.0% 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, Rosebery Avenue, Gateshead, the average age was 38.5 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, Rosebery 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 6, Rosebery Avenue, 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.