According to the public record, 123A, Durham Road, Gateshead is a period leasehold apartment with 1,097 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 123, Durham Road, Gateshead, NE8.
Durham Road, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
123A, Durham Road, Gateshead has 31 entries in the Land Registry database, most recently in June 2023 and a single entry in the EPC database dated August 2020.
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 123A Durham Road Gateshead as £135,597 and the rental value as £940 per month giving an expected gross yield of 8.3%.
Over the last 12 months the sale value of 123A Durham Road Gateshead has increased by £4,360 (3.2%) and its rental value has increased by £94 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 123A, Durham Road, Gateshead is in very good condition we estimate a sale value of £142,377 and rental value of £987 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £126,106 and a rental value of £874 per month.
If you were able to purchase this property for the estimated value of £135,597, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £666 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, 123A, Durham Road, Gateshead was last sold on 02 Jun 2023 for £130,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2023, the market for similar properties has risen 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 123A, Durham Road, Gateshead within a radius of 400 metres over the last 2 years.
The most recent example is 49, Patterdale Terrace, Gateshead, NE8 4JQ, a Leasehold flat which sold for £154,950 in Sep 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Durham Road, Gateshead, NE8 has a total of 136 addresses. According to our analysis of all the public data, 123A, Durham Road, Gateshead is the 72nd largest and the 77th most expensive property on the street.
When compared to the postcode district it is £3k more expensive than the average property in NE8.
123A, Durham Road, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Aug 2020.
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 123A, Durham Road, Gateshead is Newcastle station which is 2.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 123A, Durham Road, Gateshead, 31.4% of property is socially rented and 31.4% is privately 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 123A, Durham Road, Gateshead, 18.1% of residents are recorded as possessing school level qualifications and 30.8% 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 123A, Durham Road, Gateshead, the average age was 38.5 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 123A, Durham 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 123A, Durham Road, Gateshead, there are an average of 0.6 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.