6, Springwell Road
6, Springwell Road
Description & Estimates
The public record describes 6, Springwell Road, Gateshead as a mid-century apartment with 807 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms.
6, Springwell Road, Gateshead has an estimated sale value of £88,176 and an estimated rental value of £739 per month, assuming reasonable condition and based on the information available.
Springwell Road, Wrekenton, Gateshead, NE9 lies in the borough of Gateshead, within the NE9 postal district.
Our Data Sources
6, Springwell Road, Gateshead has no records in the the Land Registry and a single entry in the EPC database dated July 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
In very good condition, we estimate 6, Springwell Road, Gateshead would be worth £92,584, with a potential rental value of £776 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £82,003, with a rental value of £687 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 6, Springwell Road, Gateshead has dropped by £406 (0.5%) over the last year. During the same period, its estimated monthly rental value has risen by £16 (2.1%). The property's estimated gross yield is currently 10.1%.
Energy Efficiency
6, Springwell Road, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Jul 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 2 sales of comparable properties within 610 metres of 6, Springwell Road, Gateshead across the last 2 years.
Most recently, 45, Hamsterley Crescent, Gateshead, NE9 7LA, a leasehold flat, sold at £85,000 on the 21st April 2011.
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
Our analysis of the public data ranks 6, Springwell Road, Gateshead as the 41st largest and the 68th most expensive of the 87 addresses on Springwell Road, Wrekenton, Gateshead, NE9.
Against the NE9 postcode district average, it is £74k less expensive than the typical property.
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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
Heworth station is the nearest stop to 6, Springwell Road, Gateshead at 3.1 kilometres away.
- 3.1kmHeworth
- 5.1kmDunston
- 5.5kmNewcastle
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
