According to the public record, Flat 2, Egremont Chapel, Gateshead is a modern leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Egremont Chapel, Sheriffs Highway, Gateshead, NE9.
Sheriffs Highway, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
Flat 2, Egremont Chapel, Gateshead has a single entry in the Land Registry database from October 2010 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 Flat 2 Egremont Chapel Gateshead as £114,397 and the rental value as £740 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of Flat 2 Egremont Chapel Gateshead has increased by £2,883 (2.5%) and its rental value has increased by £71 per month (9.6%).
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 Flat 2, Egremont Chapel, Gateshead is in very good condition we estimate a sale value of £120,117 and rental value of £777 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £106,390 and a rental value of £688 per month.
If you were able to purchase this property for the estimated value of £114,397, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £562 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, Flat 2, Egremont Chapel, Gateshead was last sold on 22 Oct 2010 for £99,950 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2010, the market for similar properties has risen 12.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Egremont Chapel, Gateshead within a radius of 530 metres over the last 2 years.
The most recent example is 9, Florence Avenue, Gateshead, NE9 5SQ, a Leasehold flat which sold for £101,000 in Jan 2023.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sheriffs Highway, Gateshead, NE9 has a total of 85 addresses. According to our analysis of all the public data, Flat 2, Egremont Chapel, Gateshead is the 67th largest and the 59th most expensive property on the street.
When compared to the postcode district it is £42k less expensive than the average property in NE9.
Flat 2, Egremont Chapel, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 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 Flat 2, Egremont Chapel, Gateshead is Heworth station which is 2.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, Egremont Chapel, Gateshead, 49.2% of property is privately owned outright and 29.7% 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 Flat 2, Egremont Chapel, Gateshead, 14.6% of residents are recorded as possessing school level qualifications and 36.1% 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 Flat 2, Egremont Chapel, 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 Flat 2, Egremont Chapel, 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 Flat 2, Egremont Chapel, Gateshead, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.