123, Springwell Road
123, Springwell Road
Description & Estimates
The public record describes 123, Springwell Road, Gateshead as a mid-century apartment with 473 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
123, Springwell Road, Gateshead has an estimated sale value of £53,038 and an estimated rental value of £435 per month, assuming reasonable condition and based on the information available.
Springwell Road, Wrekenton, Gateshead, NE9 lies in the borough of Gateshead, within the NE9 postal district.
Our Data Sources
123, Springwell Road, Gateshead has no records in the the Land Registry and a single entry in the EPC database dated December 2023.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate 123, Springwell Road, Gateshead would be worth £55,690, with a potential rental value of £457 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £49,326, with a rental value of £405 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 123, Springwell Road, Gateshead has declined by £309 (0.6%) over the last year. During the same period, its estimated monthly rental value has climbed by £9 (2.0%). The property's estimated gross yield is currently 9.8%.
Energy Efficiency
123, Springwell Road, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Dec 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 700 metres of 123, Springwell Road, Gateshead across the last 2 years.
Most recently, 25, Brandon Gardens, Gateshead, NE9 7BD, a leasehold flat, sold at £42,000 on the 26th January 2024.
Read more about house prices in NE9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 123, Springwell Road, Gateshead as the 85th largest and the 86th most expensive of the 87 addresses on Springwell Road, Wrekenton, Gateshead, NE9.
Against the NE9 postcode district average, it is £109k less expensive than the typical property.
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Schools Nearby
- 200mFell Dyke Community Primary School
- 600mSt Oswald's Catholic Primary, Wrekenton
- 800mLarkspur Community Primary School
- 1.0kmCardinal Hume Catholic School, Gateshead
- 1.7kmXP Gateshead
- 2.3kmHeworth Grange School
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Public Transport Nearby
Heworth station is the nearest stop to 123, Springwell Road, Gateshead at 2.7 kilometres away.
- 2.7kmHeworth
- 5.5kmDunston
- 5.6kmNewcastle
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
