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The Bungalows Springwell Road is a residential building situated on Springwell Road, Springwell, Gateshead, NE9 with 4 addresses.
It ranks as the 174th largest and 216th most expensive of the 234 buildings in the NE9 area. The dominant property type is a mid-century house built between 1936 and 1979.
The building contains a total of 4 properties: 4 flats.
The Bungalows Springwell Road is a residential building situated on Springwell Road, Springwell, Gateshead, NE9 with 4 addresses.
It ranks as the 174th largest and 216th most expensive of the 234 buildings in the NE9 area. The dominant property type is a mid-century house built between 1936 and 1979.
The building contains a total of 4 properties: 4 flats.
Sale prices range from £74,587 for 2 bedroom leasehold flats with a garden (592 ft2) to £371,811 for 5 bedroom freehold houses with a garden (1,743 ft2) .
Monthly rental prices range from £608 pcm for 2 bed flats to £1,814 pcm for 5 bed houses.
The gross rental yield is between 5.9% and 9.8%.
The average value per square foot is £208.
The last sale in The Bungalows Springwell Road sold for £219,250 on 28th October 2022. Since then prices are up an average of 5.8%.
The current average value in the building is £207,516.
The The Bungalows Springwell Road Sales Market has increased by 25.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0.2% | £207,516 |
| May 2025 | 1.7% | £207,008 |
| May 2024 | 2% | £203,539 |
| May 2023 | 3% | £199,550 |
| May 2022 | 6.3% | £193,659 |
| May 2021 | 3.9% | £182,241 |
| May 2020 | 0.8% | £175,368 |
| May 2019 | 1.8% | £173,924 |
| May 2018 | 0.3% | £170,767 |
| May 2017 | 2.6% | £170,206 |
| May 2016 | 1.1% | £165,855 |
| May 2015 | 0.1% | £164,000 |
| May 2014 | 3.4% | £163,905 |
| May 2013 | 0.1% | £158,540 |
| May 2012 | -2.9% | £158,428 |
| May 2011 | 0.3% | £163,146 |
| May 2010 | 1.4% | £162,666 |
| May 2009 | -9.3% | £160,447 |
| May 2008 | -1.8% | £176,888 |
| May 2007 | 0% | £180,140 |
The current average rental value in the building is £1,151.
The The Bungalows Springwell Road Rental Market has increased by 52.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.9% | £1,151pcm |
| May 2025 | 5% | £1,118pcm |
| May 2024 | 8.9% | £1,065pcm |
| May 2023 | 8.9% | £979pcm |
| May 2022 | 9.9% | £899pcm |
| May 2021 | 4.2% | £817pcm |
| May 2020 | 2.5% | £785pcm |
| May 2019 | -0.1% | £765pcm |
| May 2018 | 0.9% | £766pcm |
| May 2017 | 0.5% | £759pcm |
| May 2016 | 0% | £755pcm |
| May 2015 | 1.1% | £755pcm |
| May 2014 | 0.3% | £747pcm |
| May 2013 | -0.2% | £744pcm |
| May 2012 | -0.8% | £746pcm |
| May 2011 | 2% | £752pcm |
| May 2010 | 1% | £737pcm |
| May 2009 | -3.4% | £729pcm |
| May 2008 | 2.6% | £755pcm |
| May 2007 | 0% | £736pcm |
The last sale was on 28th October 2022 for £219,250 and since then the market in the area has increased by 5.8%. The building has had a total of 5 sales since 1995.
The Bungalows, Springwell Road, Springwell, Gateshead, NE9 7RY has seen no sales in the last three years and no sales in the last twelve months.
The closest station to The Bungalows, Springwell Road, Springwell, Gateshead, NE9 7RY is Heworth station, which is 3.8 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around The Bungalows, Springwell Road, Springwell, Gateshead, NE9 7RY, 61.3% of property is privately owned outright and 27.0% is privately owned with a mortgage.
The graph below shows how this compares to North East 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 The Bungalows, Springwell Road, Springwell, Gateshead, NE9 7RY, 11.8% of residents are recorded as possessing school level qualifications and 32.0% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around The Bungalows, Springwell Road, Springwell, Gateshead, NE9 7RY, the average age was 44.7 and the most common age was 52.
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 The Bungalows, Springwell Road, Springwell, Gateshead, NE9 7RY, 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 The Bungalows, Springwell Road, Springwell, Gateshead, NE9 7RY, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.