According to the public record, 69, Saltwell Place, Gateshead is a period leasehold apartment with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Saltwell Place, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
69, Saltwell Place, Gateshead has 31 entries in the Land Registry database, most recently in September 2022 and a single entry in the EPC database dated August 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 69 Saltwell Place Gateshead as £76,822 and the rental value as £601 per month giving an expected gross yield of 9.4%.
Over the last 12 months the sale value of 69 Saltwell Place Gateshead has increased by £2,443 (3.2%) and its rental value has increased by £59 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 69, Saltwell Place, Gateshead is in very good condition we estimate a sale value of £80,663 and rental value of £631 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £71,445 and a rental value of £559 per month.
If you were able to purchase this property for the estimated value of £76,822, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £378 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, 69, Saltwell Place, Gateshead was last sold on 22 Sep 2022 for £50,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2022, the market for similar properties has risen 4.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 69, Saltwell Place, Gateshead within a radius of 390 metres over the last 2 years.
The most recent example is 16, Saltwell Place, Gateshead, NE8 4QY, a Leasehold flat which sold for £50,000 in Dec 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Saltwell Place, Gateshead, NE8 has a total of 95 addresses. According to our analysis of all the public data, 69, Saltwell Place, Gateshead is the 76th largest and the 76th most expensive property on the street.
When compared to the postcode district it is £56k less expensive than the average property in NE8.
69, Saltwell Place, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Aug 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 69, Saltwell Place, Gateshead is Dunston station which is 1.6 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 69, Saltwell Place, Gateshead, 69.0% of property is privately rented and 13.4% 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 69, Saltwell Place, Gateshead, 17.5% of residents are recorded as possessing school level qualifications and 25.9% 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 69, Saltwell Place, Gateshead, the average age was 38.1 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 69, Saltwell Place, 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 69, Saltwell Place, 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.