According to the public record, 16, Wetheral Gardens, Gateshead is a mid-century freehold house with 828 ft2 of internal area and sits on a 118 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Wetheral Gardens, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
16, Wetheral Gardens, Gateshead has a single entry in the Land Registry database from July 2021 and a single entry in the EPC database dated October 2020.
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 Wetheral Gardens Gateshead as £126,057 and the rental value as £831 per month giving an expected gross yield of 7.9%.
Over the last 12 months the sale value of 16 Wetheral Gardens Gateshead has increased by £3,453 (2.7%) and its rental value has increased by £82 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 16, Wetheral Gardens, Gateshead is in very good condition we estimate a sale value of £132,360 and rental value of £872 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £117,233 and a rental value of £772 per month.
If you were able to purchase this property for the estimated value of £126,057, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £620 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, Wetheral Gardens, Gateshead sits on a plot of 118m2.
We have plot size data on 6 out of 15 other houses in the postcode and 16, Wetheral Gardens, Gateshead sits on the 6th largest plot.
According to HM Land Registry, 16, Wetheral Gardens, Gateshead was last sold on 15 Jul 2021 for £104,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2021, the market for similar properties has risen 10.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Wetheral Gardens, Gateshead within a radius of 540 metres over the last 2 years.
The most recent example is 69, Easedale Gardens, Gateshead, NE9 6PX, a Freehold house which sold for £124,995 in Oct 2023.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wetheral Gardens, Gateshead, NE9 has a total of 26 addresses. According to our analysis of all the public data, 16, Wetheral Gardens, Gateshead is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £30k less expensive than the average property in NE9.
16, Wetheral Gardens, Gateshead has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 19 Oct 2020.
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, Wetheral Gardens, Gateshead is Heworth station which is 3.4 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 16, Wetheral Gardens, Gateshead, 34.3% of property is privately owned outright and 33.3% 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, Wetheral Gardens, Gateshead, 16.6% of residents are recorded as possessing school level qualifications and 24.9% 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, Wetheral Gardens, Gateshead, the average age was 43.7 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 16, Wetheral Gardens, 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 16, Wetheral Gardens, Gateshead, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.