According to the public record, 11, Meresyde Court, Gateshead is a mid-century leasehold apartment with 742 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Meresyde Court, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
11, Meresyde Court, Gateshead has a single entry in the Land Registry database from December 2021 and a single entry in the EPC database dated June 2021.
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 Meresyde Court Gateshead as £64,716 and the rental value as £489 per month giving an expected gross yield of 9.1%.
Over the last 12 months the sale value of 11 Meresyde Court Gateshead has increased by £1,668 (2.6%) and its rental value has increased by £46 per month (9.5%).
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, Meresyde Court, Gateshead is in very good condition we estimate a sale value of £67,952 and rental value of £513 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £60,186 and a rental value of £454 per month.
If you were able to purchase this property for the estimated value of £64,716, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £318 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, 11, Meresyde Court, Gateshead was last sold on 02 Dec 2021 for £58,177 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2021, the market for similar properties has risen 7.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 11, Meresyde Court, Gateshead within a radius of 550 metres over the last 2 years.
The most recent example is 24, Millford Court, Gateshead, NE10 8DT, a Leasehold flat which sold for £69,950 in Jun 2022.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Meresyde Court, Gateshead, NE10 has a total of 12 addresses. According to our analysis of all the public data, 11, Meresyde Court, Gateshead is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £92k less expensive than the average property in NE10.
11, Meresyde Court, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Jun 2021.
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, Meresyde Court, Gateshead is Heworth station which is 1.2 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 11, Meresyde Court, Gateshead, 41.7% of property is privately owned outright and 30.2% is socially rented.
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, Meresyde Court, Gateshead, 22.2% of residents are recorded as possessing school level qualifications and 16.7% 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, Meresyde Court, 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 11, Meresyde Court, Gateshead, 0.0% 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, Meresyde Court, Gateshead, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.