According to the public record, 1, Heritage Close, Gateshead is a modern freehold house with 747 ft2 of internal area and sits on a 159 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Heritage Close, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
1, Heritage Close, Gateshead has 51 entries in the Land Registry database, most recently in February 2019 and a single entry in the EPC database dated August 2011.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Heritage Close Gateshead as £162,598 and the rental value as £957 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 1 Heritage Close Gateshead has increased by £3,531 (2.2%) and its rental value has increased by £85 per month (8.9%).
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, Heritage Close, Gateshead is in very good condition we estimate a sale value of £170,728 and rental value of £1,005 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £151,216 and a rental value of £890 per month.
If you were able to purchase this property for the estimated value of £162,598, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £799 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 data from HM Land Registry, 1, Heritage Close, Gateshead sits on a plot of 159m2.
We have plot size data on 12 out of 20 other houses in the postcode and 1, Heritage Close, Gateshead sits on the 10th largest plot.
According to HM Land Registry, 1, Heritage Close, Gateshead was last sold on 01 Feb 2019 for £120,000 and was recorded as a freehold house.
The property has had 5 sales since 1995.
Since Feb 2019, the market for similar properties has risen 19.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Heritage Close, Gateshead within a radius of 500 metres over the last 2 years.
The most recent example is 2, Heritage Close, Gateshead, NE8 2PT, a Freehold house which sold for £164,500 in Nov 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Heritage Close, Gateshead, NE8 has a total of 20 addresses. According to our analysis of all the public data, 1, Heritage Close, Gateshead is the 17th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £30k more expensive than the average property in NE8.
1, Heritage Close, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Aug 2011.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Heritage Close, Gateshead is Dunston station which is 1.0 kilometres 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, Heritage Close, Gateshead, 55.6% of property is socially rented and 19.5% 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, Heritage Close, Gateshead, 24.4% of residents are recorded as possessing school level qualifications and 23.8% 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, Heritage Close, Gateshead, the average age was 38.5 and the most common age was 32.
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, Heritage Close, Gateshead, 0.4% 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, Heritage Close, Gateshead, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.