According to the public record, Apartment 1, Musgrave 335, Gateshead is a modern leasehold apartment with 1,485 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Musgrave, Durham Road, Gateshead, NE9.
Durham Road, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
Apartment 1, Musgrave 335, Gateshead has 2 entries in the Land Registry database, most recently in April 2018 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 Apartment 1 Musgrave 335 Gateshead as £412,595 and the rental value as £2,174 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Apartment 1 Musgrave 335 Gateshead has increased by £12,908 (3.1%) and its rental value has increased by £221 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 Apartment 1, Musgrave 335, Gateshead is in very good condition we estimate a sale value of £433,224 and rental value of £2,283 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £383,713 and a rental value of £2,022 per month.
If you were able to purchase this property for the estimated value of £412,595, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,028 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, Apartment 1, Musgrave 335, Gateshead was last sold on 20 Apr 2018 for £410,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2018, 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 Apartment 1, Musgrave 335, Gateshead within a radius of 590 metres over the last 2 years.
The most recent example is 1 Dene House, Littledene, Gateshead, NE9 5AF, a Leasehold flat which sold for £370,000 in Apr 2021.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Durham Road, Gateshead, NE9 has a total of 351 addresses. According to our analysis of all the public data, Apartment 1, Musgrave 335, Gateshead is the 98th largest and the 55th most expensive property on the street.
When compared to the postcode district it is £256k more expensive than the average property in NE9.
Apartment 1, Musgrave 335, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 31 May 2016.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Apartment 1, Musgrave 335, Gateshead is Dunston station which is 2.9 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Apartment 1, Musgrave 335, Gateshead, 49.2% of property is privately owned with a mortgage and 43.4% 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 Apartment 1, Musgrave 335, Gateshead, 21.6% of residents are recorded as possessing school level qualifications and 52.0% 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 Apartment 1, Musgrave 335, Gateshead, the average age was 43.8 and the most common age was 57.
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 Apartment 1, Musgrave 335, Gateshead, 0.9% 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 Apartment 1, Musgrave 335, Gateshead, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.