According to the public record, 83 Colombo Square, Gateshead is a modern leasehold apartment with 742 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Colombo Square, Worsdell Drive, Gateshead, NE8.
Worsdell Drive, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
83 Colombo Square, Gateshead has 2 entries in the Land Registry database, most recently in July 2020 and a single entry in the EPC database dated May 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 83 Colombo Square Gateshead as £147,300 and the rental value as £864 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 83 Colombo Square Gateshead has increased by £4,034 (2.7%) and its rental value has increased by £81 per month (9.4%).
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 83 Colombo Square, Gateshead is in very good condition we estimate a sale value of £154,665 and rental value of £907 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £136,989 and a rental value of £803 per month.
If you were able to purchase this property for the estimated value of £147,300, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £724 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, 83 Colombo Square, Gateshead was last sold on 31 Jul 2020 for £150,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2020, the market for similar properties has risen 7.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 83 Colombo Square, Gateshead within a radius of 520 metres over the last 2 years.
The most recent example is 2 Cameronian Square, Worsdell Drive, Gateshead, NE8 2DB, a Leasehold flat which sold for £152,000 in Dec 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Worsdell Drive, Gateshead, NE8 has a total of 557 addresses. According to our analysis of all the public data, 83 Colombo Square, Gateshead is the 163rd largest and the 242nd most expensive property on the street.
When compared to the postcode district it is £15k more expensive than the average property in NE8.
83 Colombo Square, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 May 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 83 Colombo Square, Gateshead is Newcastle station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 83 Colombo Square, Gateshead, 62.9% of property is privately rented and 25.8% 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 83 Colombo Square, Gateshead, 11.5% of residents are recorded as possessing school level qualifications and 83.0% 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 83 Colombo Square, Gateshead, the average age was 35.8 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 83 Colombo Square, 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 83 Colombo Square, 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.