According to the public record, 15, Malory Place, Gateshead is a mid-century freehold house with 893 ft2 of internal area and sits on a 89.9 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Malory Place, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
15, Malory Place, Gateshead has a single entry in the Land Registry database from June 2022 and a single entry in the EPC database dated February 2022.
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 15 Malory Place Gateshead as £95,731 and the rental value as £620 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 15 Malory Place Gateshead has increased by £3,279 (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 15, Malory Place, Gateshead is in very good condition we estimate a sale value of £100,518 and rental value of £651 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £89,030 and a rental value of £576 per month.
If you were able to purchase this property for the estimated value of £95,731, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £470 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, 15, Malory Place, Gateshead sits on a plot of 90m2.
We have plot size data on 3 out of 22 other houses in the postcode and 15, Malory Place, Gateshead sits on the 3rd largest plot.
According to HM Land Registry, 15, Malory Place, Gateshead was last sold on 17 Jun 2022 for £90,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2022, the market for similar properties has risen 5.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Malory Place, Gateshead within a radius of 520 metres over the last 2 years.
The most recent example is 25, Milton Square, Gateshead, NE8 3HJ, a Freehold house which sold for £90,000 in Dec 2022.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Malory Place, Gateshead, NE8 has a total of 35 addresses. According to our analysis of all the public data, 15, Malory Place, Gateshead is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £37k less expensive than the average property in NE8.
15, Malory Place, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Feb 2022.
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 15, Malory Place, Gateshead is Newcastle station which is 1.8 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 15, Malory 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 15, Malory 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 15, Malory 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 15, Malory 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 15, Malory 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.