According to the public record, 7, Coldwell Terrace, Gateshead is a period leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Coldwell Terrace, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
7, Coldwell Terrace, Gateshead has a single entry in the Land Registry database from April 2019 and a single entry in the EPC database dated February 2019.
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 7 Coldwell Terrace Gateshead as £82,091 and the rental value as £636 per month giving an expected gross yield of 9.3%.
Over the last 12 months the sale value of 7 Coldwell Terrace Gateshead has increased by £2,320 (2.8%) and its rental value has increased by £63 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 7, Coldwell Terrace, Gateshead is in very good condition we estimate a sale value of £86,195 and rental value of £668 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £76,344 and a rental value of £592 per month.
If you were able to purchase this property for the estimated value of £82,091, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £403 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, Coldwell Terrace, Gateshead was last sold on 18 Apr 2019 for £52,250 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2019, the market for similar properties has risen 14.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Coldwell Terrace, Gateshead within a radius of 460 metres over the last 2 years.
The most recent example is 27, Coldwell Terrace, Gateshead, NE10 9EY, a Leasehold flat which sold for £83,000 in Oct 2022.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Coldwell Terrace, Gateshead, NE10 has a total of 38 addresses. According to our analysis of all the public data, 7, Coldwell Terrace, Gateshead is the 37th largest and the 37th most expensive property on the street.
When compared to the postcode district it is £74k less expensive than the average property in NE10.
7, Coldwell Terrace, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Feb 2019.
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 7, Coldwell Terrace, Gateshead is Heworth station which is 1.3 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 7, Coldwell Terrace, Gateshead, 30.7% of property is privately owned with a mortgage and 30.7% is privately rented.
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, Coldwell Terrace, Gateshead, 21.3% 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 7, Coldwell Terrace, Gateshead, the average age was 43.7 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, Coldwell Terrace, Gateshead, 0.8% 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, Coldwell Terrace, 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.