According to the public record, 16, Gainsborough Crescent, Gateshead is a early-century freehold house with 807 ft2 of internal area and sits on a 247 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Gainsborough Crescent, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
16, Gainsborough Crescent, Gateshead has 2 entries in the Land Registry database, most recently in January 2022 and a single entry in the EPC database dated April 2014.
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 16 Gainsborough Crescent Gateshead as £103,939 and the rental value as £689 per month giving an expected gross yield of 8%.
Over the last 12 months the sale value of 16 Gainsborough Crescent Gateshead has increased by £3,766 (3.6%) and its rental value has increased by £74 per month (10.8%).
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 16, Gainsborough Crescent, Gateshead is in very good condition we estimate a sale value of £109,136 and rental value of £723 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £96,663 and a rental value of £641 per month.
If you were able to purchase this property for the estimated value of £103,939, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £511 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, 16, Gainsborough Crescent, Gateshead sits on a plot of 247m2.
We have plot size data on 10 out of 44 other houses in the postcode and 16, Gainsborough Crescent, Gateshead sits on the 5th largest plot.
According to HM Land Registry, 16, Gainsborough Crescent, Gateshead was last sold on 07 Jan 2022 for £110,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jan 2022, the market for similar properties has risen 7.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Gainsborough Crescent, Gateshead within a radius of 500 metres over the last 2 years.
The most recent example is 34, Gainsborough Crescent, Gateshead, NE9 5NX, a Freehold house which sold for £97,500 in Jun 2023.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gainsborough Crescent, Gateshead, NE9 has a total of 44 addresses. According to our analysis of all the public data, 16, Gainsborough Crescent, Gateshead is the 39th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £53k less expensive than the average property in NE9.
16, Gainsborough Crescent, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Apr 2014.
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 16, Gainsborough Crescent, Gateshead is Heworth station which is 1.8 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 16, Gainsborough Crescent, Gateshead, 60.2% of property is socially rented and 19.5% is privately owned with a mortgage.
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 16, Gainsborough Crescent, Gateshead, 24.7% of residents are recorded as possessing school level qualifications and 18.7% 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 16, Gainsborough Crescent, Gateshead, the average age was 37.2 and the most common age was 7.
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 16, Gainsborough Crescent, Gateshead, 0.3% 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 16, Gainsborough Crescent, 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.