50, Watermill Lane
50, Watermill Lane
Description & Estimates
50, Watermill Lane, Gateshead is recorded publicly as an early-century freehold house across 710 ft2 of internal area, sitting on a 223 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 50, Watermill Lane, Gateshead is £146,007 and its rental estimate is £958 per month, given the available information and assuming reasonable condition.
Watermill Lane, Gateshead, NE10 falls within the NE10 postal district, in the borough of Gateshead.
Our Data Sources
50, Watermill Lane, Gateshead has a single entry in the Land Registry from January 2021 and a single entry in the EPC database dated January 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 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 50, Watermill Lane, Gateshead, we estimate a market value of £153,308 and a rental value of £1,005 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £135,787 and £890 per month respectively.
Recent Market Change
Over the last year, 50, Watermill Lane, Gateshead has seen its estimated sale value climb by £1,868 (1.3%) and its estimated rental value rise by £38 per month (3.9%). This results in an estimated gross rental yield of 7.9%.
Plot Size
HM Land Registry records the plot of land for 50, Watermill Lane, Gateshead as measuring 223 m2.
That makes it the 9th largest plot in the postcode, where 11 of the 13 other houses have recorded plot data.
Energy Efficiency
50, Watermill Lane, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Jan 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 50, Watermill Lane, Gateshead completed on 14th January 2021 at £115,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 38.2% over the period since January 2021.
- Sold Jan 2021£115,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 50, Watermill Lane, Gateshead have sold within a radius of 610 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 9th August 2024, was 7, Wardle Gardens, Gateshead, NE10 9XA, a freehold house which sold for £127,000.
Read more about house prices in NE10.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 54 addresses on Watermill Lane, Gateshead, NE10, 50, Watermill Lane, Gateshead comes out as the 52nd largest and the 28th most expensive in our analysis of the public data.
It is also £16k less expensive than the average property across the NE10 district.
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Schools Nearby
- 300mThe Drive Community Primary School
- 800mWindy Nook Primary School
- 1.0kmBrandling Primary School
- 400mHeworth Grange School
- 600mXP Gateshead
- 1.7kmCardinal Hume Catholic School, Gateshead
More reading links
Public Transport Nearby
From 50, Watermill Lane, Gateshead, the nearest station is Heworth, 500 metres away.
- 500mHeworth
- 4.1kmManors
- 4.4kmNewcastle
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.
