4, Springwell Road
4, Springwell Road
Description & Estimates
4, Springwell Road, Gateshead is described in the public record as a mid-century apartment with 322 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of 4, Springwell Road, Gateshead is £58,328 and its rental estimate is £465 per month, given the available information and assuming reasonable condition.
Springwell Road, Wrekenton, Gateshead, NE9 falls within the NE9 postal district, in the borough of Gateshead.
Our Data Sources
4, Springwell Road, Gateshead has no records in the the Land Registry and a single entry in the EPC database dated October 2021.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 4, Springwell Road, Gateshead, we estimate a market value of £61,244 and a rental value of £488 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £54,245 and £432 per month respectively.
Recent Market Change
Over the last year, 4, Springwell Road, Gateshead has seen its estimated sale value decrease by £373 (0.6%) and its estimated rental value grow by £9 per month (1.9%). This results in an estimated gross rental yield of 9.6%.
Energy Efficiency
4, Springwell Road, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Oct 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 610 metres of 4, Springwell Road, Gateshead, per the Land Registry and our network of Estate Agents.
The latest, on the 6th December 2024, was 141, High Street, Gateshead, NE9 7JR, a leasehold flat which sold for £140,000.
Read more about house prices in NE9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 87 addresses on Springwell Road, Wrekenton, Gateshead, NE9, 4, Springwell Road, Gateshead comes out as the 87th largest and the 83rd most expensive in our analysis of the public data.
It is also £104k less expensive than the average property across the NE9 district.
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Schools Nearby
- 200mSt Oswald's Catholic Primary, Wrekenton
- 400mFell Dyke Community Primary School
- 900mLarkspur Community Primary School
- 1.1kmCardinal Hume Catholic School, Gateshead
- 2.1kmXP Gateshead
- 2.1kmGrace College
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Public Transport Nearby
From 4, Springwell Road, Gateshead, the nearest station is Heworth, 3.1 kilometres away.
- 3.1kmHeworth
- 5.1kmDunston
- 5.5kmNewcastle
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
