6, Silverdale Terrace
6, Silverdale Terrace
Description & Estimates
6, Silverdale Terrace, Gateshead is recorded publicly as a period leasehold apartment across 656 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 6, Silverdale Terrace, Gateshead is £95,089 and its rental estimate is £719 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
6, Silverdale Terrace, Gateshead has 21 entries in the Land Registry , most recently in October 2016 and a single entry in the EPC database dated April 2014.
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 6, Silverdale Terrace, Gateshead, we estimate a market value of £99,843 and a rental value of £755 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £88,433 and £669 per month respectively.
Recent Market Change
Over the last year, 6, Silverdale Terrace, Gateshead has seen its estimated sale value climb by £932 (1.0%) and its estimated rental value rise by £20 per month (2.8%). This results in an estimated gross rental yield of 9.1%.
Energy Efficiency
6, Silverdale Terrace, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Apr 2014.
The property is not 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 6, Silverdale Terrace, Gateshead completed on 12th October 2016 at £73,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 6.8% over the period since October 2016.
- Sold Oct 2016£73,000
- Sold Feb 1996£20,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 6, Silverdale Terrace, Gateshead have sold within a radius of 390 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 3rd May 2024, was 42, Silverdale Terrace, Gateshead, NE8 4JL, a leasehold flat which sold for £95,000.
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 39 addresses on Silverdale Terrace, Gateshead, NE8, 6, Silverdale Terrace, Gateshead comes out as the 28th largest and the 27th most expensive in our analysis of the public data.
It is also £42k less expensive than the average property across the NE8 district.
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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 6, 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.
