According to the public record, 7, East View Terrace, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 717 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
East View Terrace, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
7, East View Terrace, Gateshead has a single entry in the Land Registry database from March 2007 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 East View Terrace Gateshead as £125,535 and the rental value as £852 per month giving an expected gross yield of 8.1%.
Over the last 12 months the sale value of 7 East View Terrace Gateshead has increased by £4,757 (3.8%) and its rental value has increased by £94 per month (11.0%).
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, East View Terrace, Gateshead is in very good condition we estimate a sale value of £131,812 and rental value of £895 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £116,748 and a rental value of £793 per month.
If you were able to purchase this property for the estimated value of £125,535, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £617 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, East View Terrace, Gateshead was last sold on 09 Mar 2007 for £72,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2007, the market for similar properties has risen 13.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, East View Terrace, Gateshead within a radius of 570 metres over the last 2 years.
The most recent example is 94, Redemarsh, Gateshead, NE10 8PS, a Freehold house which sold for £105,000 in Oct 2023.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
East View Terrace, Gateshead, NE10 has a total of 10 addresses. According to our analysis of all the public data, 7, East View Terrace, Gateshead is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £31k less expensive than the average property in NE10.
The closest station to 7, East View 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, East View Terrace, Gateshead, 45.5% of property is socially rented and 26.4% 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 7, East View Terrace, Gateshead, 24.5% of residents are recorded as possessing school level qualifications and 20.9% 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, East View Terrace, Gateshead, the average age was 41.4 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, East View Terrace, Gateshead, 0.7% 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, East View Terrace, Gateshead, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.