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16, Somerford, Gateshead is recorded publicly as a modern leasehold house across 516 ft2 of internal area, sitting on a 86.1 m2 plot.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 16, Somerford, Gateshead is £134,174 and its rental estimate is £829 per month, given the available information and assuming reasonable condition.
Somerford, Springwell, Gateshead, NE9 falls within the NE9 postal district, in the borough of Sunderland.
16, Somerford, Gateshead has 21 entries in the Land Registry , most recently in August 2016 and a single entry in the EPC database dated November 2013.
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.
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, Somerford, Gateshead, we estimate a market value of £140,883 and a rental value of £870 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £124,782 and £771 per month respectively.
Over the last year, 16, Somerford, Gateshead has seen its estimated sale value grow by £1,994 (1.5%) and its estimated rental value climb by £34 per month (4.1%). This results in an estimated gross rental yield of 7.4%.
HM Land Registry records the plot of land for 16, Somerford, Gateshead as measuring 86 m2.
That makes it the 18th largest plot in the postcode, where all 18 other houses have recorded plot data.
16, Somerford, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Nov 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 16, Somerford, Gateshead completed on 18th August 2016 at £115,000 and was recorded by HM Land Registry as a leasehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 8.7% over the period since August 2016.
Over the past 2 years 3 properties similar to 16, Somerford, Gateshead have sold within a radius of 1.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 26th July 2024, was 15, Somerford, Gateshead, NE9 7QW, a leasehold house which sold for £123,500.
Read more about house prices in NE9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 18 addresses on Somerford, Springwell, Gateshead, NE9, 16, Somerford, Gateshead comes out as the 11th largest and the 11th most expensive in our analysis of the public data.
It is also £28k less expensive than the average property across the NE9 district.
From 16, Somerford, Gateshead, the nearest station is Heworth, 3.3 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 16, Somerford, Gateshead, 43.5% of property is privately owned with a mortgage and 37.5% is privately owned outright.
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 16, Somerford, Gateshead, 18.7% of residents are recorded as possessing school level qualifications and 36.5% 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 16, Somerford, Gateshead, 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 16, Somerford, Gateshead, 1.6% 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 16, Somerford, Gateshead, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.
