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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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62, Derwentwater Road, Gateshead is described in the public record as a mid-century house with 936 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 62, Derwentwater Road, Gateshead is £103,344 and its rental estimate is £644 per month, given the available information and assuming reasonable condition.
Derwentwater Road, Gateshead, NE8 falls within the NE8 postal district, in the borough of Gateshead.
62, Derwentwater Road, Gateshead has no records in the the Land Registry and a single entry in the EPC database dated June 2016.
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.
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 62, Derwentwater Road, Gateshead, we estimate a market value of £108,511 and a rental value of £677 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £96,110 and £599 per month respectively.
Over the last year, 62, Derwentwater Road, Gateshead has seen its estimated sale value increase by £1,204 (1.2%) and its estimated rental value grow by £21 per month (3.2%). This results in an estimated gross rental yield of 7.5%.
62, Derwentwater Road, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Jun 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Over the past 2 years 3 properties similar to 62, Derwentwater Road, Gateshead have sold within a radius of 520 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 17th October 2022, was 58, Derwentwater Road, Gateshead, NE8 2HJ, a freehold house which sold for £95,000.
Read more about house prices in NE8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 84 addresses on Derwentwater Road, Gateshead, NE8, 62, Derwentwater Road, Gateshead comes out as the 6th largest and the 36th most expensive in our analysis of the public data.
It is also £34k less expensive than the average property across the NE8 district.
From 62, Derwentwater Road, Gateshead, the nearest station is Dunston, 1.4 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 62, Derwentwater Road, Gateshead, 62.7% of property is socially rented and 17.9% is privately owned outright.
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 62, Derwentwater Road, Gateshead, 18.9% of residents are recorded as possessing school level qualifications and 14.7% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 62, Derwentwater Road, Gateshead, the average age was 38.1 and the most common age was 27.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 62, Derwentwater Road, Gateshead, 0.0% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 62, Derwentwater Road, Gateshead, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.
