24, Ridley Terrace
24, Ridley Terrace
Description & Estimates
Public records show 24, Ridley Terrace, Gateshead to be a period leasehold apartment with 473 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms with a garden.
24, Ridley Terrace, Gateshead has an estimated sale value of £46,602 and an estimated rental value of £382 per month, assuming reasonable condition and based on the information available.
Ridley Terrace, Gateshead, NE10 lies in the borough of Gateshead, within the NE10 postal district.
Our Data Sources
24, Ridley Terrace, Gateshead has a single entry in the Land Registry from December 2022 and a single entry in the EPC database dated September 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 24, Ridley Terrace, Gateshead would be worth £48,932, with a potential rental value of £401 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £43,339, with a rental value of £355 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 24, Ridley Terrace, Gateshead has moved up by £217 (0.5%) over the last year. During the same period, its estimated monthly rental value has increased by £12 (3.1%). The property's estimated gross yield is currently 9.8%.
Energy Efficiency
24, Ridley Terrace, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Sep 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
24, Ridley Terrace, Gateshead last changed hands on 22nd December 2022, selling for £37,400. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 36.5% since December 2022.
- Sold Dec 2022£37,400
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 700 metres of 24, Ridley Terrace, Gateshead across the last 2 years.
Most recently, 3, Ridley Terrace, Gateshead, NE10 0NQ, a leasehold flat, sold at £39,999 on the 14th July 2023.
Read more about house prices in NE10.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks 24, Ridley Terrace, Gateshead as the 44th largest and the 44th most expensive of the 68 addresses on Ridley Terrace, Gateshead, NE10.
Against the NE10 postcode district average, it is £116k less expensive than the typical property.
More reading links
Schools Nearby
- 100mThe Drive Community Primary School
- 700mBrandling Primary School
- 1.0kmSt Alban's Catholic Primary School, Pelaw
- 600mHeworth Grange School
- 900mXP Gateshead
- 2.0kmCardinal Hume Catholic School, Gateshead
More reading links
Public Transport Nearby
Heworth station is the nearest stop to 24, Ridley Terrace, Gateshead at 200 metres away.
- 200mHeworth
- 3.8kmManors
- 4.2kmNewcastle
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
