124, Avenue Road
124, Avenue Road
Description & Estimates
According to the public record, 124, Avenue Road, Gateshead is a period leasehold apartment with 936 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 124, Avenue Road, Gateshead is £112,159 and the estimated rental value is £867 per month.
Avenue Road, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
Our Data Sources
124, Avenue Road, Gateshead has a single entry in the Land Registry from February 2016 and a single entry in the EPC database dated February 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
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 124, Avenue Road, Gateshead is in very good condition we estimate a sale value of £117,767 and a rental value of £911 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £104,308 and a rental value of £807 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 124, Avenue Road, Gateshead has grown by £1,067 (1.0%), while its estimated rental value has climbed by £24 per month (2.8%). Based on current estimates, the property offers a gross rental yield of 9.3%.
Energy Efficiency
124, Avenue Road, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Feb 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 124, Avenue Road, Gateshead was last sold on 5th February 2016 for £100,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since February 2016, the market for similar properties has dropped by 6.3%.
- Sold Feb 2016£100,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 124, Avenue Road, Gateshead within a radius of 400 metres over the last 2 years.
The most recent example is 115, Avenue Road, Gateshead, NE8 4JH, a leasehold flat which sold for £93,000 on the 3rd June 2024.
Read more about house prices in NE8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Avenue Road, Gateshead, NE8 has a total of 92 addresses. According to our analysis of all the public data, 124, Avenue Road, Gateshead is the 47th largest and the 55th most expensive property on the street.
When compared to the postcode district it is £25k less expensive than the average property in NE8.
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Schools Nearby
- 500mCaedmon Community Primary School
- 500mSouth Street Community Primary School
- 500mKelvin Grove Community Primary School
- 2.2kmGrace College
- 2.2kmNorth East Futures UTC
- 2.3kmCardinal Hume Catholic School, Gateshead
More reading links
Public Transport Nearby
The closest station to 124, Avenue Road, Gateshead is Newcastle station, which is 2.4 kilometres away.
- 2.4kmNewcastle
- 2.5kmDunston
- 2.7kmManors
Available Internet Speeds
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
