According to the public record, 7, Leam Lane, Gateshead is a mid-century freehold house with 899 ft2 of internal area and sits on a 221 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Leam Lane, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
7, Leam Lane, Gateshead has a single entry in the Land Registry database from February 2017 and a single entry in the EPC database dated May 2009.
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 Leam Lane Gateshead as £118,631 and the rental value as £766 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 7 Leam Lane Gateshead has increased by £4,418 (3.7%) and its rental value has increased by £84 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, Leam Lane, Gateshead is in very good condition we estimate a sale value of £124,563 and rental value of £805 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £110,327 and a rental value of £713 per month.
If you were able to purchase this property for the estimated value of £118,631, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £583 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 data from HM Land Registry, 7, Leam Lane, Gateshead sits on a plot of 221m2.
We have plot size data on 2 out of 10 other houses in the postcode and 7, Leam Lane, Gateshead sits on the largest plot.
According to HM Land Registry, 7, Leam Lane, Gateshead was last sold on 20 Feb 2017 for £94,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2017, the market for similar properties has risen 25.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Leam Lane, Gateshead within a radius of 720 metres over the last 2 years.
The most recent example is 24, Donside, Gateshead, NE10 8RE, a Freehold house which sold for £113,000 in Feb 2024.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Leam Lane, Gateshead, NE10 has a total of 38 addresses. According to our analysis of all the public data, 7, Leam Lane, Gateshead is the 13th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £38k less expensive than the average property in NE10.
7, Leam Lane, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 May 2009.
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, Leam Lane, Gateshead is Heworth station which is 2.2 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, Leam Lane, Gateshead, 38.6% of property is socially rented and 27.7% 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, Leam Lane, Gateshead, 15.8% of residents are recorded as possessing school level qualifications and 19.1% 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, Leam Lane, Gateshead, the average age was 43.8 and the most common age was 62.
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, Leam Lane, 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, Leam Lane, 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.