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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
According to the public record, 99 Colombo Square, Worsdell Drive, Gateshead is a modern leasehold apartment with 344 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for 99 Colombo Square, Worsdell Drive, Gateshead is £97,016 and the estimated rental value is £678 per month.
Worsdell Drive, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
99 Colombo Square, Worsdell Drive, Gateshead has 2 entries in the Land Registry , most recently in February 2020 and a single entry in the EPC database dated January 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 99 Colombo Square, Worsdell Drive, Gateshead is in very good condition we estimate a sale value of £101,867 and a rental value of £712 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £90,225 and a rental value of £631 per month.
Over the last 12 months the sale value of 99 Colombo Square Worsdell Drive Gateshead has increased by an estimated £237 (0.2%) and its rental value has increased by an estimated £20 per month (3.0%), giving an expected gross yield of 8.4%.
99 Colombo Square, Worsdell Drive, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Jan 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, 99 Colombo Square, Worsdell Drive, Gateshead was last sold on 28th February 2020 for £73,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since February 2020, the market for similar properties has dropped 40.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 99 Colombo Square, Worsdell Drive, Gateshead within a radius of 500 metres over the last 2 years.
The most recent example is 39 Marmion Court, Worsdell Drive, Gateshead, NE8 2EY, a leasehold flat which sold for £113,000 on the 14th December 2022.
Read more about house prices in NE8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Worsdell Drive, Gateshead, NE8 has a total of 557 addresses. According to our analysis of all the public data, 99 Colombo Square, Worsdell Drive, Gateshead is the 534th largest and the 532nd most expensive property on the street.
When compared to the postcode district it is £39k less expensive than the average property in NE8.
The closest station to 99 Colombo Square, Worsdell Drive, Gateshead is Newcastle station which is 700 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 99 Colombo Square, Worsdell Drive, Gateshead, 62.9% of property is privately rented and 25.8% 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 99 Colombo Square, Worsdell Drive, Gateshead, 11.5% of residents are recorded as possessing school level qualifications and 83.0% 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 99 Colombo Square, Worsdell Drive, Gateshead, the average age was 35.8 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 99 Colombo Square, Worsdell Drive, 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 99 Colombo Square, Worsdell Drive, Gateshead, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.
