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Company No. 11113204
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VAT No. GB 287 0845 68
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According to the public record, 2, Milton Place, Gateshead is a Leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 892 ft2 of internal area and a garden.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Milton Place, Gateshead is £83,631 and the estimated rental value is £825 per month.
Milton Place, Gateshead, NE9 is located in the borough of Sunderland within the NE9 postal district.
2, Milton Place, Gateshead has a single entry in the Land Registry from May 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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 2, Milton Place, Gateshead is in very good condition we estimate a sale value of £87,812 and a rental value of £867 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £77,777 and a rental value of £768 per month.
Over the last 12 months the sale value of 2 Milton Place Gateshead has increased by an estimated £1,716 (2.1%) and its rental value has increased by an estimated £32 per month (3.9%), giving an expected gross yield of 11.8%.
According to HM Land Registry, 2, Milton Place, Gateshead was last sold on 27th May 2008 for £122,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2008, the market for similar properties has dropped 23.9%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 1.1 kilometres radius of 2, Milton Place, Gateshead over the last 2 years.
The most recent example is 3, Milton Place, Gateshead, NE9 7RA, a freehold house which sold for £130,000 on the 18th December 2024.
Read more about house prices in NE9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Milton Place, Gateshead, NE9 has a total of 4 addresses. According to our analysis of all the public data, 2, Milton Place, Gateshead is the largest and the 4th most expensive property on the street.
When compared to the postcode district it is £79k less expensive than the average property in NE9.
The closest station to 2, Milton Place, Gateshead is Heworth station which is 3.7 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Milton Place, Gateshead, 44.4% of property is privately owned with a mortgage and 26.1% 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, Milton Place, Gateshead, 14.6% of residents are recorded as possessing school level qualifications and 29.9% 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, Milton Place, 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 2, Milton Place, 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, Milton Place, Gateshead, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.
