According to the public record, 2A, Collingwood Street, Gateshead is a period leasehold apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 2, Collingwood Street, Gateshead, NE10.
Collingwood Street, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
2A, Collingwood Street, Gateshead has a single entry in the Land Registry database from February 2016 and a single entry in the EPC database dated July 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 2A Collingwood Street Gateshead as £55,302 and the rental value as £443 per month giving an expected gross yield of 9.6%.
Over the last 12 months the sale value of 2A Collingwood Street Gateshead has increased by £1,623 (2.9%) and its rental value has increased by £44 per month (9.9%).
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 2A, Collingwood Street, Gateshead is in very good condition we estimate a sale value of £58,067 and rental value of £465 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £51,431 and a rental value of £412 per month.
If you were able to purchase this property for the estimated value of £55,302, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £272 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, 2A, Collingwood Street, Gateshead was last sold on 29 Feb 2016 for £53,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2016, the market for similar properties has risen 20.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2A, Collingwood Street, Gateshead within a radius of 610 metres over the last 2 years.
The most recent example is 13, Hewitson Terrace, Gateshead, NE10 9HQ, a Leasehold flat which sold for £55,500 in Nov 2020.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Collingwood Street, Gateshead, NE10 has a total of 11 addresses. According to our analysis of all the public data, 2A, Collingwood Street, Gateshead is the 8th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £101k less expensive than the average property in NE10.
2A, Collingwood Street, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Jul 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 2A, Collingwood Street, Gateshead is Heworth station which is 800 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 2A, Collingwood Street, Gateshead, 47.1% of property is socially rented and 22.9% 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 2A, Collingwood Street, Gateshead, 9.1% of residents are recorded as possessing school level qualifications and 18.9% 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 2A, Collingwood Street, 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 2A, Collingwood 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 2A, Collingwood Street, 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.