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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: £50,000

Value data/graphs

Estimate feedback

  • Zoopla Estimate

    £50,000
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  • Value change
    1,700 (3.5%) 1,000 (2.0%) 2,600 (5.4%) 800 (1.7%) 5,900 (13.4%) 4,950 (11.0%) 9,900 (24.7%)  
    from 
  • Rental value
    £300 pcm
  • Confidence level
    70
  • Value range
    £45,000 - £55,000
  • Rental range
    £250 - £300 pcm

Monthly running costs Beta

£340 Monthly total
Remortgage
Property value
Loan amount (60%) 30,000
Repayment term 25
Interest rate 0.5
Your payment £106 /mo Find remortgage deals In partnership with
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
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 £39 Electricity £34 Estimated energy cost £73/mo (£871/yr)

Reduce your energy costs by up to £139/year

  • You could save £139/yr
  • You could save £131/yr
  • You could save £129/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 £50,000. King Edward Street, NE8 has 60 houses and flats on it with a current average value of £67,881, compared to an average property value of £126,352 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 171 properties for sale in NE8 with an average asking price of £125,344 and 209 houses and flats to rent in NE8 with an average asking rent of £183 pw.

Owner info

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Market activity
Average price paid £127,581 Sales 397 Current average value £126,352 (Zoopla Zed-Index) Value change £6,010 ▲ 4.99%

What is the current average value of properties in NE8?

The current average value in NE8 in December 2016 is £126,352. This has increased 3.44% from September 2016. Terraced properties sold for a current average value of £146,845 and semi-detached properties valued £140,242. In the past year property prices in NE8 have increased 4.99%. This is according to the current Zoopla estimates.

Property value data/graphs for NE8

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £196,611 £156 3.5 £181,082
Semi-detached £140,242 £157 2.8 £133,849
Terraced £146,845 £147 3.3 £143,169
Flats £110,003 £193 2.2 £112,570

Current asking prices in NE8

Average: £118,227
Avg. current asking prices in NE8
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £106,981
(8)
£154,150
(28)
£149,950
(4)
£192,500
(2)
Flats £90,221
(17)
£110,172
(79)
£119,202
(23)
£95,000
(4)
£110,000
(1)
All £90,221
(17)
£109,878
(87)
£138,389
(51)
£122,475
(8)
£165,000
(3)

Current asking rents in NE8

Average: £694 pcm
Avg. current asking prices in NE8
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £332 pcm
(7)
£563 pcm
(5)
£715 pcm
(3)
£897 pcm
(8)
£950 pcm
(3)
Flats £552 pcm
(30)
£634 pcm
(89)
£944 pcm
(31)
£555 pcm
(6)
£955 pcm
(3)
All £510 pcm
(37)
£630 pcm
(94)
£924 pcm
(34)
£750 pcm
(14)
£952 pcm
(6)

Fun facts for NE8

Highest value in NE8
Highest value streets Zed-Index
West Park Road £274,868
Mill Road £257,777
Claremont Place £232,856
St. Edmunds Court £228,381
Fletcher Road £221,361
Highest turnover in NE8
Highest turnover streets Turnover
Durham Road 53.8%
Mid Summer Way 43.8%
Spring Street 42.9%
Parson Courtyard 42.9%
Renforth Close 35.5%

What Zoopla users think of Gateshead

Overall rating:

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Local info for Gateshead

About the neighbours in NE8

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