According to the public record, 7, Balmlaw, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 727 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Balmlaw, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
7, Balmlaw, Gateshead has 21 entries in the Land Registry database, most recently in December 2008 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 7 Balmlaw Gateshead as £60,638 and the rental value as £411 per month giving an expected gross yield of 8.1%.
Over the last 12 months the sale value of 7 Balmlaw Gateshead has increased by £2,504 (4.1%) and its rental value has increased by £47 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 7, Balmlaw, Gateshead is in very good condition we estimate a sale value of £63,670 and rental value of £431 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £56,394 and a rental value of £382 per month.
If you were able to purchase this property for the estimated value of £60,638, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £298 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, 7, Balmlaw, Gateshead was last sold on 12 Dec 2008 for £75,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2008, the market for similar properties has risen 33.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Balmlaw, Gateshead within a radius of 620 metres over the last 2 years.
The most recent example is 19, Balmlaw, Gateshead, NE9 7DQ, a Freehold house which sold for £54,000 in May 2020.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Balmlaw, Gateshead, NE9 has a total of 38 addresses. According to our analysis of all the public data, 7, Balmlaw, Gateshead is the 34th largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £96k less expensive than the average property in NE9.
The closest station to 7, Balmlaw, Gateshead is Heworth station which is 2.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Balmlaw, Gateshead, 66.5% of property is socially rented and 15.7% 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 7, Balmlaw, Gateshead, 32.9% of residents are recorded as possessing school level qualifications and 16.1% 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 7, Balmlaw, 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 7, Balmlaw, 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 7, Balmlaw, Gateshead, there are an average of 0.7 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.