According to the public record, 6, The Willows, Gateshead is a modern leasehold apartment with 1,367 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The Willows, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
6, The Willows, Gateshead has a single entry in the Land Registry database from June 2022 and a single entry in the EPC database dated February 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 The Willows Gateshead as £158,897 and the rental value as £976 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 6 The Willows Gateshead has increased by £4,871 (3.1%) and its rental value has increased by £98 per month (10.0%).
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, The Willows, Gateshead is in very good condition we estimate a sale value of £166,841 and rental value of £1,025 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £147,774 and a rental value of £908 per month.
If you were able to purchase this property for the estimated value of £158,897, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £781 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, The Willows, Gateshead was last sold on 06 Jun 2022 for £150,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2022, the market for similar properties has risen 3.7%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 730 metres radius of 6, The Willows, Gateshead over the last 2 years.
The most recent example is 1, The Willows, Gateshead, NE10 8BW, a Leasehold flat which sold for £114,000 in Sep 2023.
Read more about house prices in NE10.
The Willows, Gateshead, NE10 has a total of 34 addresses. According to our analysis of all the public data, 6, The Willows, Gateshead is the 5th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £2k more expensive than the average property in NE10.
6, The Willows, Gateshead has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 09 Feb 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, The Willows, Gateshead is Heworth station which is 1.9 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, The Willows, Gateshead, 43.1% of property is socially rented and 22.6% 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 6, The Willows, Gateshead, 19.6% of residents are recorded as possessing school level qualifications and 19.1% 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, The Willows, 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 6, The Willows, 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, The Willows, Gateshead, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.