According to the public record, 79, Millway, Gateshead is a period house with 871 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Millway, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
79, Millway, Gateshead has no records in the Land Registry database and a single entry in the EPC database dated October 2012.
We combine this information with public data 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 79 Millway Gateshead as £107,350 and the rental value as £699 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 79 Millway Gateshead has increased by £3,917 (3.6%) and its rental value has increased by £76 per month (10.8%).
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 79, Millway, Gateshead is in very good condition we estimate a sale value of £112,717 and rental value of £734 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £99,835 and a rental value of £650 per month.
If you were able to purchase this property for the estimated value of £107,350, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £528 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 79, Millway, Gateshead within a radius of 470 metres over the last 2 years.
The most recent example is 48, Millway, Gateshead, NE9 5PQ, a Freehold house which sold for £100,000 in Feb 2024.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Millway, Gateshead, NE9 has a total of 71 addresses. According to our analysis of all the public data, 79, Millway, Gateshead is the 14th largest and the 34th most expensive property on the street.
When compared to the postcode district it is £49k less expensive than the average property in NE9.
79, Millway, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Oct 2012.
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 79, Millway, Gateshead is Heworth station which is 2.1 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 79, Millway, Gateshead, 55.1% of property is socially rented and 24.6% 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 79, Millway, Gateshead, 27.2% of residents are recorded as possessing school level qualifications and 18.1% 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 79, Millway, Gateshead, the average age was 37.2 and the most common age was 7.
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 79, Millway, 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 79, Millway, Gateshead, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.