According to the public record, 1, Grasmere Avenue, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,123 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Grasmere Avenue, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
1, Grasmere Avenue, Gateshead has 31 entries in the Land Registry database, most recently in August 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Grasmere Avenue Gateshead as £248,588 and the rental value as £1,175 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 1 Grasmere Avenue Gateshead has increased by £3,181 (1.3%) and its rental value has increased by £95 per month (8.1%).
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 1, Grasmere Avenue, Gateshead is in very good condition we estimate a sale value of £261,018 and rental value of £1,233 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £231,187 and a rental value of £1,092 per month.
If you were able to purchase this property for the estimated value of £248,588, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,222 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1, Grasmere Avenue, Gateshead was last sold on 11 Aug 2006 for £207,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Grasmere Avenue, Gateshead within a radius of 630 metres over the last 2 years.
The most recent example is 1, Fellmere Avenue, Gateshead, NE10 0XL, a Freehold house which sold for £236,000 in Jun 2022.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grasmere Avenue, Gateshead, NE10 has a total of 22 addresses. According to our analysis of all the public data, 1, Grasmere Avenue, Gateshead is the 7th largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £92k more expensive than the average property in NE10.
The closest station to 1, Grasmere Avenue, Gateshead is Heworth station which is 400 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Grasmere Avenue, Gateshead, 41.7% of property is privately owned outright and 25.2% is privately owned with a mortgage.
The graph below shows how this compares to Greater London 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 1, Grasmere Avenue, Gateshead, 15.2% of residents are recorded as possessing school level qualifications and 24.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Grasmere Avenue, Gateshead, the average age was 41.4 and the most common age was 57.
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 1, Grasmere Avenue, Gateshead, 0.8% 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 1, Grasmere Avenue, Gateshead, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.