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Property details for 18 King Edward Street, Gateshead NE8 3PR

Flat, Leasehold, 2 Beds, 1 Bath, 1 Recep - Edit
Zoopla Estimate: £49,000

Value data/graphs

Estimate feedback

  • Zoopla Estimate

    £49,000
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  • Value change
    250 (0.5%) 1,950 (4.2%) 1,800 (3.8%) 700 (1.5%) 4,250 (9.5%) 4,800 (10.8%) 9,800 (25.0%)  
    from 
  • Rental value
    £250 pcm
  • Confidence level
    70
  • Value range
    £44,000 - £54,000
  • Rental range
    £250 - £300 pcm

Monthly running costs Beta

£345 Monthly total
Remortgage
Property value
Loan amount (60%) 29,400
Repayment term 25
Interest rate 0.5
Your payment £104 /mo Find remortgage deals In partnership with uSwitch
Remortgage costs explained

The initial estimated monthly remortgage payment is calculated using a loan to value of 60% of the current value of a property, a term of 25 years, and a representative interest rate.

It is important to note that the mortgage repayments figure shown is only intended as a guide.

Ensure mortgage lenders are consulted to obtain an accurate quote. We do not accept any responsibility for any inaccuracies or errors in this regard.

Home Insurance Rebuild value up to £350,000 Contents value up to £40,000 Average insurance cost £21/mo (£247/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £40 Electricity £40 Estimated energy cost £80/mo (£963/yr)

Reduce your energy costs by up to £236/year

  • You could save £236/yr
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  • You could save £232/yr
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Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 10100 kWh/year
Electricity: 2400 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Gateshead

Estimated tax band A Council tax cost £109 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £14 Sewerage £17 Estimated water cost £31 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Public info

Property type: Flat | Tenure: Leasehold | Last sale: £20,000 | Sale date: 4th Dec 2002

This 2 bed leasehold flat is located at 18 King Edward Street, Gateshead NE8 3PR and has an estimated current value of £49,000. King Edward Street, NE8 has 60 houses and flats on it with a current average value of £65,476, compared to an average property value of £124,812 for NE8. There have been 7 property sales on King Edward Street over the last 5 years with an average sold house price of £51,937 and this flat was last sold on 4th Dec 2002 for £20,000. There are currently 166 properties for sale in NE8 with an average asking price of £122,816 and 223 houses and flats to rent in NE8 with an average asking rent of £159 pw.

Owner info

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Market activity
Average price paid £130,390 Sales 410 Current average value £124,812 (Zoopla Zed-Index) Value change £6,470 ▲ 5.47%

Property value data/graphs for NE8

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £199,954 £164 3.5 £203,253
Semi-detached £139,696 £157 2.8 £134,636
Terraced £144,696 £144 3.3 £142,985
Flats £107,431 £186 2.2 £114,616

Current asking prices in NE8

Average: £122,854
Avg. current asking prices in NE8
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £95,761
(9)
£141,824
(22)
£235,800
(6)
£299,750
(5)
Flats £89,683
(15)
£105,963
(82)
£132,819
(21)
£90,000
(3)
£110,000
(1)
All £89,683
(15)
£104,954
(91)
£137,426
(43)
£187,200
(9)
£268,125
(6)

Current asking rents in NE8

Average: £691 pcm
Avg. current asking prices in NE8
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £386 pcm
(14)
£606 pcm
(10)
£667 pcm
(7)
£962 pcm
(8)
-
Flats £498 pcm
(45)
£693 pcm
(114)
£860 pcm
(22)
£956 pcm
(5)
£1,519 pcm
(2)
All £472 pcm
(59)
£686 pcm
(124)
£813 pcm
(29)
£960 pcm
(13)
£1,519 pcm
(2)

Fun facts for NE8

Highest value in NE8
Highest value streets Zed-Index
West Park Road £271,637
Mill Road £248,294
St. Edmunds Court £230,815
Claremont Place £230,604
Fletcher Road £217,098
Highest turnover in NE8
Highest turnover streets Turnover
Durham Road 53.8%
Mid Summer Way 43.8%
Parson Courtyard 42.9%
Spring Street 35.7%
Shipley Court 33.3%

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Local info for Gateshead

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