16, Silverdale Terrace
16, Silverdale Terrace
Description & Estimates
16, Silverdale Terrace, Gateshead is recorded publicly as a period leasehold apartment across 631 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 16, Silverdale Terrace, Gateshead is £93,231 and its rental estimate is £705 per month, given the available information and assuming reasonable condition.
Silverdale Terrace, Gateshead, NE8 falls within the NE8 postal district, in the borough of Gateshead.
Our Data Sources
16, Silverdale Terrace, Gateshead has 31 entries in the Land Registry , most recently in November 2017 and a single entry in the EPC database dated April 2011.
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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 16, Silverdale Terrace, Gateshead, we estimate a market value of £97,893 and a rental value of £741 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £86,705 and £656 per month respectively.
Recent Market Change
Over the last year, 16, Silverdale Terrace, Gateshead has seen its estimated sale value rise by £914 (1.0%) and its estimated rental value move up by £20 per month (2.8%). This results in an estimated gross rental yield of 9.1%.
Energy Efficiency
16, Silverdale Terrace, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Apr 2011.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 16, Silverdale Terrace, Gateshead completed on 17th November 2017 at £112,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have dropped by 8.0% over the period since November 2017.
- Sold Nov 2017£112,000
- Sold May 2006£79,157
- Sold Aug 1999£26,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 16, Silverdale Terrace, Gateshead have sold within a radius of 390 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 7th May 2024, was 114, Rodsley Avenue, Gateshead, NE8 4LA, a leasehold flat which sold for £70,000.
Read more about house prices in NE8.
- Sold May 2024£70,000 | 2 Bed Flat114, Rodsley Avenue, Gateshead, NE8 4LA114, Rodsley Avenue, Gateshead, NE8 4LA
- Sold May 2024£95,000 | 2 Bed Flat42, Silverdale Terrace, Gateshead, NE8 4JL42, Silverdale Terrace, Gateshead, NE8 4JL
- Sold Aug 2021£95,000 | 2 Bed Flat14, Silverdale Terrace, Gateshead, NE8 4JL14, Silverdale Terrace, Gateshead, NE8 4JL
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 39 addresses on Silverdale Terrace, Gateshead, NE8, 16, Silverdale Terrace, Gateshead comes out as the 37th largest and the 36th most expensive in our analysis of the public data.
It is also £44k less expensive than the average property across the NE8 district.
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Schools Nearby
- 500mSouth Street Community Primary School
- 600mCaedmon Community Primary School
- 600mKelvin Grove Community Primary School
- 2.2kmGrace College
- 2.3kmNorth East Futures UTC
- 2.3kmCardinal Hume Catholic School, Gateshead
More reading links
Public Transport Nearby
From 16, Silverdale Terrace, Gateshead, the nearest station is Newcastle, 2.5 kilometres away.
- 2.5kmNewcastle
- 2.6kmDunston
- 2.7kmManors
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
