According to the public record, 8, Fairfield Terrace, Gateshead is a period apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Fairfield Terrace, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
8, Fairfield Terrace, Gateshead has no records in the Land Registry database and a single entry in the EPC database dated January 2023.
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 8 Fairfield Terrace Gateshead as £88,581 and the rental value as £675 per month giving an expected gross yield of 9.1%.
Over the last 12 months the sale value of 8 Fairfield Terrace Gateshead has increased by £2,922 (3.3%) and its rental value has increased by £67 per month (10.0%).
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 8, Fairfield Terrace, Gateshead is in very good condition we estimate a sale value of £93,010 and rental value of £708 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £82,380 and a rental value of £627 per month.
If you were able to purchase this property for the estimated value of £88,581, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £435 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 8, Fairfield Terrace, Gateshead within a radius of 600 metres over the last 2 years.
The most recent example is 25, Salisbury Street, Gateshead, NE10 0XY, a Leasehold flat which sold for £70,000 in Dec 2023.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fairfield Terrace, Gateshead, NE10 has a total of 7 addresses. According to our analysis of all the public data, 8, Fairfield Terrace, Gateshead is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £68k less expensive than the average property in NE10.
8, Fairfield Terrace, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Jan 2023.
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 8, Fairfield Terrace, Gateshead is Heworth station which is 700 metres 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 8, Fairfield Terrace, Gateshead, 42.4% of property is privately rented and 32.2% 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 8, Fairfield Terrace, Gateshead, 13.0% of residents are recorded as possessing school level qualifications and 36.6% 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 8, Fairfield Terrace, Gateshead, the average age was 39.7 and the most common age was 27.
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 8, Fairfield Terrace, 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 8, Fairfield 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.