According to the public record, 12, Camborne Grove, Gateshead is a period leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Camborne Grove, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
12, Camborne Grove, Gateshead has a single entry in the Land Registry database from October 2020 and a single entry in the EPC database dated February 2019.
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 12 Camborne Grove Gateshead as £81,926 and the rental value as £625 per month giving an expected gross yield of 9.2%.
Over the last 12 months the sale value of 12 Camborne Grove Gateshead has increased by £2,620 (3.2%) and its rental value has increased by £62 per month (9.9%).
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 12, Camborne Grove, Gateshead is in very good condition we estimate a sale value of £86,022 and rental value of £656 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £76,191 and a rental value of £581 per month.
If you were able to purchase this property for the estimated value of £81,926, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £403 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, 12, Camborne Grove, Gateshead was last sold on 14 Oct 2020 for £79,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2020, the market for similar properties has risen 12.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Camborne Grove, Gateshead within a radius of 450 metres over the last 2 years.
The most recent example is 6, Camborne Grove, Gateshead, NE8 4EX, a Leasehold flat which sold for £81,000 in Nov 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Camborne Grove, Gateshead, NE8 has a total of 94 addresses. According to our analysis of all the public data, 12, Camborne Grove, Gateshead is the 37th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £51k less expensive than the average property in NE8.
12, Camborne Grove, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Feb 2019.
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 12, Camborne Grove, Gateshead is Newcastle station which is 2.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 12, Camborne Grove, Gateshead, 57.5% of property is socially rented and 20.7% is privately 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 12, Camborne Grove, Gateshead, 8.3% of residents are recorded as possessing school level qualifications and 20.4% 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 12, Camborne Grove, Gateshead, the average age was 35.8 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 12, Camborne Grove, 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 12, Camborne Grove, Gateshead, there are an average of 0.3 cars per household.
See below for how this compares to North East and the rest of England & Wales.