According to the public record, Apartment 24, Worsdell House, Gateshead is a modern leasehold apartment with 1,367 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Worsdell House, Hudson Street, Gateshead, NE8.
Hudson Street, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
Apartment 24, Worsdell House, Gateshead has 2 entries in the Land Registry database, most recently in March 2016 and a single entry in the EPC database dated August 2021.
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 Apartment 24 Worsdell House Gateshead as £191,260 and the rental value as £1,056 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Apartment 24 Worsdell House Gateshead has increased by £7,012 (3.7%) and its rental value has increased by £110 per month (10.4%).
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 Apartment 24, Worsdell House, Gateshead is in very good condition we estimate a sale value of £200,823 and rental value of £1,109 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £177,872 and a rental value of £982 per month.
If you were able to purchase this property for the estimated value of £191,260, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £940 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 24, Worsdell House, Gateshead was last sold on 24 Mar 2016 for £157,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2016, the market for similar properties has risen 12.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 24, Worsdell House, Gateshead within a radius of 520 metres over the last 2 years.
The most recent example is 17B, Queen Street, Newcastle Upon Tyne, NE1 3UG, a Leasehold flat which sold for £195,000 in Jul 2020.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hudson Street, Gateshead, NE8 has a total of 15 addresses. According to our analysis of all the public data, Apartment 24, Worsdell House, Gateshead is the largest and the most expensive property on the street.
When compared to the postcode district it is £59k more expensive than the average property in NE8.
Apartment 24, Worsdell House, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Aug 2021.
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 Apartment 24, Worsdell House, Gateshead is Newcastle station which is 800 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Apartment 24, Worsdell House, Gateshead, 70.2% of property is privately rented and 20.2% 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 Apartment 24, Worsdell House, Gateshead, 13.9% of residents are recorded as possessing school level qualifications and 69.1% 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 24, Worsdell House, 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 Apartment 24, Worsdell House, 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 Apartment 24, Worsdell House, Gateshead, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.