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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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2, Kelvin Grove, Gateshead is recorded publicly as a period leasehold apartment across 1,097 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 2, Kelvin Grove, Gateshead is £59,282 and its rental estimate is £495 per month, given the available information and assuming reasonable condition.
2, Kelvin Grove is a residential building on Kelvin Grove, Gateshead, NE8 and falls within the NE8 postal district and the borough of Gateshead.
2, Kelvin Grove, Gateshead has a single entry in the Land Registry from February 2018 and a single entry in the EPC database dated October 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 2, Kelvin Grove, Gateshead, we estimate a market value of £62,246 and a rental value of £520 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £55,132 and £461 per month respectively.
Over the last year, 2, Kelvin Grove, Gateshead has seen its estimated sale value increase by £564 (1.0%) and its estimated rental value grow by £14 per month (2.8%). This results in an estimated gross rental yield of 10.0%.
2, Kelvin Grove, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Oct 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 2, Kelvin Grove, Gateshead completed on 9th February 2018 at £58,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 13.2% over the period since February 2018.
Over the past 2 years 3 properties have sold within 370 metres of 2, Kelvin Grove, Gateshead, per the Land Registry and our network of Estate Agents.
The latest, on the 6th March 2019, was 4, Kelvin Grove, Gateshead, NE8 4QN, a leasehold flat which sold for £45,000.
Read more about house prices in NE8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 43 addresses on Kelvin Grove, Gateshead, NE8, 2, Kelvin Grove, Gateshead comes out as the 4th largest and the 11th most expensive in our analysis of the public data.
It is also £78k less expensive than the average property across the NE8 district.
From 2, Kelvin Grove, Gateshead, the nearest station is Dunston, 1.8 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 2, Kelvin Grove, Gateshead, 36.3% of property is socially rented and 36.3% is privately rented.
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 2, Kelvin Grove, Gateshead, 19.0% of residents are recorded as possessing school level qualifications and 21.5% 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 2, Kelvin Grove, Gateshead, the average age was 35.8 and the most common age was 32.
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 2, Kelvin Grove, Gateshead, 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 2, Kelvin Grove, Gateshead, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.
