According to the public record, 60, Eastbourne Avenue, Gateshead is a period leasehold apartment with 621 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Eastbourne Avenue, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
60, Eastbourne Avenue, Gateshead has 31 entries in the Land Registry database, most recently in August 2016 and a single entry in the EPC database dated March 2012.
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 60 Eastbourne Avenue Gateshead as £85,576 and the rental value as £670 per month giving an expected gross yield of 9.4%.
Over the last 12 months the sale value of 60 Eastbourne Avenue Gateshead has increased by £2,736 (3.2%) and its rental value has increased by £66 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 60, Eastbourne Avenue, Gateshead is in very good condition we estimate a sale value of £89,854 and rental value of £704 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £79,585 and a rental value of £624 per month.
If you were able to purchase this property for the estimated value of £85,576, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £421 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, 60, Eastbourne Avenue, Gateshead was last sold on 31 Aug 2016 for £92,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Aug 2016, the market for similar properties has risen 16.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 60, Eastbourne Avenue, Gateshead within a radius of 330 metres over the last 2 years.
The most recent example is 63, Westbourne Avenue, Gateshead, NE8 4NF, a Leasehold flat which sold for £80,000 in Sep 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eastbourne Avenue, Gateshead, NE8 has a total of 262 addresses. According to our analysis of all the public data, 60, Eastbourne Avenue, Gateshead is the 253rd largest and the 252nd most expensive property on the street.
When compared to the postcode district it is £47k less expensive than the average property in NE8.
60, Eastbourne Avenue, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Mar 2012.
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 60, Eastbourne Avenue, Gateshead is Newcastle station which is 2.0 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 60, Eastbourne Avenue, Gateshead, 69.5% of property is privately rented and 14.1% 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 60, Eastbourne Avenue, Gateshead, 18.1% of residents are recorded as possessing school level qualifications and 27.5% 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 60, Eastbourne Avenue, Gateshead, the average age was 35.8 and the most common age was 32.
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 60, Eastbourne 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 60, Eastbourne Avenue, 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.