According to the public record, 98, Station Road, Gateshead is a period leasehold apartment with 1,108 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Station Road, Bill Quay, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
98, Station Road, Gateshead has a single entry in the Land Registry database from November 2008 and a single entry in the EPC database dated October 2022.
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 98 Station Road Gateshead as £107,559 and the rental value as £787 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of 98 Station Road Gateshead has increased by £3,996 (3.7%) and its rental value has increased by £80 per month (10.1%).
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 98, Station Road, Gateshead is in very good condition we estimate a sale value of £112,937 and rental value of £826 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £100,030 and a rental value of £732 per month.
If you were able to purchase this property for the estimated value of £107,559, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £529 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, 98, Station Road, Gateshead was last sold on 03 Nov 2008 for £70,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2008, the market for similar properties has risen 17.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 98, Station Road, Gateshead within a radius of 750 metres over the last 2 years.
The most recent example is 16, Wood Terrace, Gateshead, NE10 0UD, a Leasehold flat which sold for £113,000 in Sep 2023.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Station Road, Bill Quay, Gateshead, NE10 has a total of 30 addresses. According to our analysis of all the public data, 98, Station Road, Gateshead is the 3rd largest and the 8th most expensive property on the street.
When compared to the postcode district it is £49k less expensive than the average property in NE10.
98, Station Road, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Oct 2022.
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 98, Station Road, Gateshead is Heworth station which is 1.3 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 98, Station Road, Gateshead, 34.8% of property is privately rented and 34.0% 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 98, Station Road, Gateshead, 14.8% of residents are recorded as possessing school level qualifications and 38.2% 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 98, Station Road, 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 98, Station Road, Gateshead, 0.4% 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 98, Station Road, 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.