According to the public record, 11, Masefield Place, Gateshead is a mid-century freehold house with 775 ft2 of internal area and sits on a 93.2 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Masefield Place, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
11, Masefield Place, Gateshead has 21 entries in the Land Registry database, most recently in November 2007 and a single entry in the EPC database dated December 2020.
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 11 Masefield Place Gateshead as £93,195 and the rental value as £623 per month giving an expected gross yield of 8%.
Over the last 12 months the sale value of 11 Masefield Place Gateshead has increased by £3,193 (3.4%) and its rental value has increased by £63 per month (10.2%).
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 11, Masefield Place, Gateshead is in very good condition we estimate a sale value of £97,855 and rental value of £654 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £86,671 and a rental value of £579 per month.
If you were able to purchase this property for the estimated value of £93,195, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £458 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, 11, Masefield Place, Gateshead sits on a plot of 93m2.
We have plot size data on 11 out of 12 other houses in the postcode and 11, Masefield Place, Gateshead sits on the 5th largest plot.
According to HM Land Registry, 11, Masefield Place, Gateshead was last sold on 23 Nov 2007 for £50,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Nov 2007, the market for similar properties has risen 12.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 11, Masefield Place, Gateshead within a radius of 530 metres over the last 2 years.
The most recent example is 5, Malory Place, Gateshead, NE8 3HD, a Freehold house which sold for £91,000 in Mar 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Masefield Place, Gateshead, NE8 has a total of 12 addresses. According to our analysis of all the public data, 11, Masefield Place, Gateshead is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £40k less expensive than the average property in NE8.
11, Masefield Place, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Dec 2020.
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 11, Masefield Place, Gateshead is Newcastle station which is 1.9 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 11, Masefield Place, Gateshead, 54.9% of property is privately rented and 15.0% is privately owned outright.
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 11, Masefield Place, Gateshead, 14.1% of residents are recorded as possessing school level qualifications and 37.7% 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 11, Masefield Place, Gateshead, the average age was 38.5 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 11, Masefield Place, 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 11, Masefield Place, 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.