According to the public record, 8, Newton Street, Gateshead is a modern leasehold apartment with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Newton Street, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
8, Newton Street, Gateshead has 2 entries in the Land Registry database, most recently in March 2009 and a single entry in the EPC database dated June 2010.
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 8 Newton Street Gateshead as £80,327 and the rental value as £629 per month giving an expected gross yield of 9.4%.
Over the last 12 months the sale value of 8 Newton Street Gateshead has increased by £2,495 (3.1%) and its rental value has increased by £62 per month (9.8%).
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 8, Newton Street, Gateshead is in very good condition we estimate a sale value of £84,344 and rental value of £660 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £74,705 and a rental value of £585 per month.
If you were able to purchase this property for the estimated value of £80,327, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £395 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, 8, Newton Street, Gateshead was last sold on 26 Mar 2009 for £85,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2009, the market for similar properties has risen 11.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Newton Street, Gateshead within a radius of 440 metres over the last 2 years.
The most recent example is 16, Saltwell Place, Gateshead, NE8 4QY, a Leasehold flat which sold for £50,000 in Dec 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Newton Street, Gateshead, NE8 has a total of 42 addresses. According to our analysis of all the public data, 8, Newton Street, Gateshead is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £52k less expensive than the average property in NE8.
8, Newton Street, Gateshead has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 Jun 2010.
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, Newton Street, Gateshead is Dunston station which is 1.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Newton Street, Gateshead, 46.8% of property is privately rented and 38.1% is socially 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 8, Newton Street, Gateshead, 25.1% of residents are recorded as possessing school level qualifications and 16.6% 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, Newton Street, Gateshead, the average age was 38.1 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, Newton Street, 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, Newton Street, Gateshead, there are an average of 0.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.