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As updated by NGU Homes in June 2024, 27, Gosforth Terrace, Gateshead is a mid-century leasehold apartment with 761 ft2 of internal area comprising 2 bedrooms with a roof terrace.
The property has 974 years remaining on the lease.
Based on available information, and assuming reasonable condition, the estimated sale value for 27, Gosforth Terrace, Gateshead is £80,940 and the estimated rental value is £776 per month.
Gosforth Terrace, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
27, Gosforth Terrace, Gateshead has been updated by NGU Homes. This data along with public information allows us to provide estimates for both this and neighbouring properties.
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 27, Gosforth Terrace, Gateshead is in very good condition we estimate a sale value of £84,987 and a rental value of £815 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £75,274 and a rental value of £721 per month.
Over the last 12 months the sale value of 27 Gosforth Terrace Gateshead has increased by an estimated £777 (1.0%) and its rental value has increased by an estimated £19 per month (2.5%), giving an expected gross yield of 11.5%.
27, Gosforth Terrace, Gateshead has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 04 Jul 2024.
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, 27, Gosforth Terrace, Gateshead was last sold on 12th March 2004 for £52,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 27, Gosforth Terrace, Gateshead within a radius of 780 metres over the last 2 years.
The most recent example is 37, Gosforth Terrace, Gateshead, NE10 0YL, a leasehold flat which sold for £81,500 on the 21st September 2023.
Read more about house prices in NE10.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gosforth Terrace, Gateshead, NE10 has a total of 84 addresses. According to our analysis of all the public data, 27, Gosforth Terrace, Gateshead is the 46th largest and the 71st most expensive property on the street.
When compared to the postcode district it is £81k less expensive than the average property in NE10.
The closest station to 27, Gosforth Terrace, Gateshead is Heworth station which is 800 metres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
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 27, Gosforth Terrace, Gateshead, 31.9% of property is socially rented and 28.6% 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 27, Gosforth Terrace, Gateshead, 15.4% of residents are recorded as possessing school level qualifications and 22.0% 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 27, Gosforth Terrace, Gateshead, the average age was 39.7 and the most common age was 27.
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 27, Gosforth Terrace, Gateshead, 0.8% 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 27, Gosforth Terrace, Gateshead, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.
