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Company No. 11113204
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8, Victoria Terrace, Gateshead is recorded publicly as a period leasehold apartment across 592 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 8, Victoria Terrace, Gateshead is £77,710 and its rental estimate is £632 per month, given the available information and assuming reasonable condition.
Victoria Terrace, Springwell, Gateshead, NE9 falls within the NE9 postal district, in the borough of Sunderland.
8, Victoria Terrace, Gateshead has 51 entries in the Land Registry , most recently in October 2019 and a single entry in the EPC database dated June 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.
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 8, Victoria Terrace, Gateshead, we estimate a market value of £81,595 and a rental value of £664 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £72,270 and £588 per month respectively.
Over the last year, 8, Victoria Terrace, Gateshead has seen its estimated sale value move up by £362 (0.5%) and its estimated rental value increase by £20 per month (3.1%). This results in an estimated gross rental yield of 9.8%.
8, Victoria Terrace, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Jun 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 8, Victoria Terrace, Gateshead completed on 11th October 2019 at £75,250 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 5 times.
Values of comparable properties have risen by 16.0% over the period since October 2019.
Over the past 2 years 3 properties similar to 8, Victoria Terrace, Gateshead have sold within a radius of 980 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th June 2024, was 16, Ferndale Terrace, Gateshead, NE9 7RH, a leasehold flat which sold for £65,000.
Read more about house prices in NE9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 8 addresses on Victoria Terrace, Springwell, Gateshead, NE9, 8, Victoria Terrace, Gateshead comes out as the 7th largest and the 7th most expensive in our analysis of the public data.
It is also £85k less expensive than the average property across the NE9 district.
From 8, Victoria Terrace, Gateshead, the nearest station is Heworth, 3.7 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 8, Victoria Terrace, Gateshead, 46.9% of property is privately owned outright and 36.7% is privately owned with a mortgage.
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 8, Victoria Terrace, Gateshead, 16.7% of residents are recorded as possessing school level qualifications and 34.7% 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 8, Victoria Terrace, Gateshead, the average age was 44.7 and the most common age was 52.
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 8, Victoria Terrace, 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 8, Victoria Terrace, Gateshead, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.
