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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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According to the public record, 2, Springfield Terrace, Gateshead is a period house with 861 ft2 of internal area and sits on a 133 m2 plot.
Houses 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 2, Springfield Terrace, Gateshead is £164,147 and the estimated rental value is £1,423 per month.
Springfield Terrace, Springwell, Gateshead, NE9 is located in the borough of Sunderland within the NE9 postal district.
2, Springfield Terrace, Gateshead has no recent1 records in the the Land Registry and a single entry in the EPC database dated January 2023.
We combine this information with public data 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.
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, Springfield Terrace, Gateshead is in very good condition we estimate a sale value of £172,354 and a rental value of £1,495 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £152,656 and a rental value of £1,324 per month.
Over the last 12 months the sale value of 2 Springfield Terrace Gateshead has increased by an estimated £4,888 (3.0%) and its rental value has increased by an estimated £64 per month (4.5%), giving an expected gross yield of 10.4%.
According to data from HM Land Registry, 2, Springfield Terrace, Gateshead sits on a plot of 133m2.
We have plot size data on 4 out of 4 other houses in the postcode and 2, Springfield Terrace, Gateshead sits on the 3rd largest plot.
2, Springfield Terrace, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Jan 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Springfield Terrace, Gateshead was last sold on 6th April 2000 for £48,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Springfield Terrace, Gateshead within a radius of 970 metres over the last 2 years.
The most recent example is 3, Alexandra Terrace, Gateshead, NE9 7PD, a freehold house which sold for £150,000 on the 25th April 2024.
Read more about house prices in NE9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Springfield Terrace, Springwell, Gateshead, NE9 has a total of 4 addresses. According to our analysis of all the public data, 2, Springfield Terrace, Gateshead is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £2k more expensive than the average property in NE9.
The closest station to 2, Springfield Terrace, 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, Springfield Terrace, Gateshead, 46.9% of property is privately owned outright and 36.7% is privately owned with a mortgage.
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, Springfield Terrace, Gateshead, 16.7% of residents are recorded as possessing school level qualifications and 34.7% 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, Springfield Terrace, 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, Springfield Terrace, 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, Springfield Terrace, Gateshead, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.
