58, Silverdale Terrace
58, Silverdale Terrace
Description & Estimates
58, Silverdale Terrace, Gateshead is recorded publicly as a period leasehold apartment across 979 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 58, Silverdale Terrace, Gateshead is £114,499 and its rental estimate is £886 per month, given the available information and assuming reasonable condition.
Silverdale Terrace, Gateshead, NE8 falls within the NE8 postal district, in the borough of Gateshead.
Our Data Sources
58, Silverdale Terrace, Gateshead has a single entry in the Land Registry from December 2016 and a single entry in the EPC database dated June 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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 58, Silverdale Terrace, Gateshead, we estimate a market value of £120,224 and a rental value of £931 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £106,484 and £824 per month respectively.
Recent Market Change
Over the last year, 58, Silverdale Terrace, Gateshead has seen its estimated sale value climb by £1,089 (1.0%) and its estimated rental value rise by £25 per month (2.8%). This results in an estimated gross rental yield of 9.3%.
Energy Efficiency
58, Silverdale Terrace, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Jun 2016.
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 58, Silverdale Terrace, Gateshead completed on 16th December 2016 at £115,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 6.8% over the period since December 2016.
- Sold Dec 2016£115,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 58, Silverdale Terrace, Gateshead have sold within a radius of 410 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 3rd June 2024, was 115, Avenue Road, Gateshead, NE8 4JH, a leasehold flat which sold for £93,000.
Read more about house prices in NE8.
- Sold Jun 2024£93,000 | 3 Bed Flat115, Avenue Road, Gateshead, NE8 4JH115, Avenue Road, Gateshead, NE8 4JH
- Sold Nov 2022£153,400 | 3 Bed Flat100, Rodsley Avenue, Gateshead, NE8 4LA100, Rodsley Avenue, Gateshead, NE8 4LA
- Sold Feb 2022£119,995 | 3 Bed Flat56, Silverdale Terrace, Gateshead, NE8 4JL56, Silverdale Terrace, Gateshead, NE8 4JL
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 39 addresses on Silverdale Terrace, Gateshead, NE8, 58, Silverdale Terrace, Gateshead comes out as the 4th largest and the 8th most expensive in our analysis of the public data.
It is also £23k less expensive than the average property across the NE8 district.
More reading links
Schools Nearby
- 500mSouth Street Community Primary School
- 600mCaedmon Community Primary School
- 600mKelvin Grove Community Primary School
- 2.2kmGrace College
- 2.3kmNorth East Futures UTC
- 2.3kmCardinal Hume Catholic School, Gateshead
More reading links
Public Transport Nearby
From 58, Silverdale Terrace, Gateshead, the nearest station is Newcastle, 2.5 kilometres away.
- 2.5kmNewcastle
- 2.6kmDunston
- 2.7kmManors
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.
