According to the public record, 15, Kings Close, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 796 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Kings Close, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
15, Kings Close, Gateshead has 21 entries in the Land Registry database, most recently in June 2008 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 15 Kings Close Gateshead as £125,300 and the rental value as £833 per month giving an expected gross yield of 8%.
Over the last 12 months the sale value of 15 Kings Close Gateshead has increased by £3,500 (2.8%) and its rental value has increased by £80 per month (9.6%).
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 15, Kings Close, Gateshead is in very good condition we estimate a sale value of £131,565 and rental value of £874 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £116,529 and a rental value of £775 per month.
If you were able to purchase this property for the estimated value of £125,300, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £616 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, 15, Kings Close, Gateshead was last sold on 10 Jun 2008 for £95,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2008, the market for similar properties has risen 23.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Kings Close, Gateshead within a radius of 470 metres over the last 2 years.
The most recent example is 4, Moore Street Villas, Gateshead, NE8 3PG, a Freehold house which sold for £115,000 in Jun 2024.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Kings Close, Gateshead, NE8 has a total of 24 addresses. According to our analysis of all the public data, 15, Kings Close, Gateshead is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £7k less expensive than the average property in NE8.
The closest station to 15, Kings Close, Gateshead is Heworth station which is 2.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 15, Kings Close, Gateshead, 31.3% of property is socially rented and 27.1% 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 15, Kings Close, Gateshead, 19.1% of residents are recorded as possessing school level qualifications and 24.4% 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 15, Kings Close, Gateshead, the average age was 35.8 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 15, Kings Close, Gateshead, 1.0% 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 15, Kings Close, Gateshead, there are an average of 0.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.