According to the public record, 64, Lanchester Avenue, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 963 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Lanchester Avenue, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
64, Lanchester Avenue, Gateshead has a single entry in the Land Registry database from August 2009 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 64 Lanchester Avenue Gateshead as £87,438 and the rental value as £555 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 64 Lanchester Avenue Gateshead has increased by £3,609 (4.1%) and its rental value has increased by £63 per month (11.4%).
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 64, Lanchester Avenue, Gateshead is in very good condition we estimate a sale value of £91,810 and rental value of £583 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £81,318 and a rental value of £516 per month.
If you were able to purchase this property for the estimated value of £87,438, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £430 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, 64, Lanchester Avenue, Gateshead was last sold on 28 Aug 2009 for £80,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2009, the market for similar properties has risen 32.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 64, Lanchester Avenue, Gateshead within a radius of 720 metres over the last 2 years.
The most recent example is 3, Aycliffe Place, Gateshead, NE9 7BY, a Freehold house which sold for £80,000 in Jan 2024.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lanchester Avenue, Gateshead, NE9 has a total of 139 addresses. According to our analysis of all the public data, 64, Lanchester Avenue, Gateshead is the 16th largest and the 80th most expensive property on the street.
When compared to the postcode district it is £69k less expensive than the average property in NE9.
The closest station to 64, Lanchester Avenue, Gateshead is Heworth station which is 2.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 64, Lanchester Avenue, Gateshead, 71.8% of property is socially rented and 9.9% 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 64, Lanchester Avenue, Gateshead, 24.9% of residents are recorded as possessing school level qualifications and 12.8% 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 64, Lanchester Avenue, Gateshead, the average age was 39.6 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 64, Lanchester 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 64, Lanchester 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.