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According to the public record, 32, Springfield Place, Gateshead is a mid-century freehold house with 818 ft2 of internal area and sits on a 73.6 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 32, Springfield Place, Gateshead is £138,179 and the estimated rental value is £1,282 per month.
Springfield Place, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
32, Springfield Place, Gateshead has a single entry in the Land Registry from March 2021 and a single entry in the EPC database dated September 2020.
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.
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 32, Springfield Place, Gateshead is in very good condition we estimate a sale value of £145,088 and a rental value of £1,347 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £128,507 and a rental value of £1,193 per month.
Over the last 12 months the sale value of 32 Springfield Place Gateshead has increased by an estimated £4,115 (3.0%) and its rental value has increased by an estimated £58 per month (4.5%), giving an expected gross yield of 11.1%.
According to data from HM Land Registry, 32, Springfield Place, Gateshead sits on a plot of 74m2.
We have plot size data on 25 out of 36 other houses in the postcode and 32, Springfield Place, Gateshead sits on the 25th largest plot.
32, Springfield Place, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Sep 2020.
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, 32, Springfield Place, Gateshead was last sold on 17th March 2021 for £125,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since March 2021, the market for similar properties has dropped 11.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 32, Springfield Place, Gateshead within a radius of 510 metres over the last 2 years.
The most recent example is 11, Springfield Place, Gateshead, NE9 5UQ, a freehold house which sold for £60,000 on the 1st July 2022.
Read more about house prices in NE9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Springfield Place, Gateshead, NE9 has a total of 48 addresses. According to our analysis of all the public data, 32, Springfield Place, Gateshead is the 15th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £24k less expensive than the average property in NE9.
The closest station to 32, Springfield Place, Gateshead is Heworth station which is 2.4 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast 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 32, Springfield Place, Gateshead, 26.6% of property is privately owned with a mortgage and 26.6% 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 32, Springfield Place, Gateshead, 7.7% of residents are recorded as possessing school level qualifications and 32.5% 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 32, Springfield Place, Gateshead, the average age was 43.8 and the most common age was 57.
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 32, Springfield Place, Gateshead, 0.4% 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 32, Springfield Place, 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.
