328, Sunderland Road
328, Sunderland Road
Description & Estimates
328, Sunderland Road, Gateshead appears in the public record as a leasehold apartment.
By comparing it to nearby properties, we estimate it to be a period apartment with 819 ft2 of internal area and a garden.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of 328, Sunderland Road, Gateshead is £87,830 and its rental estimate is £736 per month, given the available information and assuming reasonable condition.
Sunderland Road, Gateshead, NE8 falls within the NE8 postal district, in the borough of Gateshead.
Our Data Sources
328, Sunderland Road, Gateshead has 21 entries in the Land Registry , most recently in October 2009 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 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 328, Sunderland Road, Gateshead, we estimate a market value of £92,221 and a rental value of £772 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £81,682 and £684 per month respectively.
Recent Market Change
Over the last year, 328, Sunderland Road, Gateshead has seen its estimated sale value move up by £835 (1.0%) and its estimated rental value increase by £20 per month (2.8%). This results in an estimated gross rental yield of 10.0%.
Sold Prices
The most recent sale of 328, Sunderland Road, Gateshead completed on 22nd October 2009 at £80,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 39.7% over the period since October 2009.
- Sold Oct 2009£80,000
- Sold Nov 1996£91,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 328, Sunderland Road, Gateshead have sold within a radius of 460 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 20th August 2024, was 19, Cobden Street, Gateshead, NE8 3PJ, a leasehold flat which sold for £49,000.
Read more about house prices in NE8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 282 addresses on Sunderland Road, Gateshead, NE8, 328, Sunderland Road, Gateshead comes out as the 75th largest and the 189th most expensive in our analysis of the public data.
It is also £50k less expensive than the average property across the NE8 district.
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Schools Nearby
- 300mBede Community Primary School
- 300mSt Wilfrid's Catholic Primary School, Gateshead
- 800mSouth Street Community Primary School
- 1.9kmXP Gateshead
- 2.3kmNorth East Futures UTC
- 2.3kmHeworth Grange School
More reading links
Public Transport Nearby
From 328, Sunderland Road, Gateshead, the nearest station is Heworth, 2.0 kilometres away.
- 2.0kmHeworth
- 2.3kmManors
- 2.5kmNewcastle
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
