According to the public record, 18, Heritage Close, Gateshead is a modern house with 914 ft2 of internal area and sits on a 376 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Heritage Close, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
18, Heritage Close, Gateshead has no records in the Land Registry database and a single entry in the EPC database dated September 2018.
We combine this information with public data 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 18 Heritage Close Gateshead as £179,311 and the rental value as £1,008 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 18 Heritage Close Gateshead has increased by £3,894 (2.2%) and its rental value has increased by £89 per month (8.9%).
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 18, Heritage Close, Gateshead is in very good condition we estimate a sale value of £188,277 and rental value of £1,059 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £166,759 and a rental value of £938 per month.
If you were able to purchase this property for the estimated value of £179,311, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £881 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, 18, Heritage Close, Gateshead sits on a plot of 376m2.
We have plot size data on 12 out of 20 other houses in the postcode and 18, Heritage Close, Gateshead sits on the 3rd largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Heritage Close, Gateshead within a radius of 510 metres over the last 2 years.
The most recent example is 2, Heritage Close, Gateshead, NE8 2PT, a Freehold house which sold for £164,500 in Nov 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Heritage Close, Gateshead, NE8 has a total of 20 addresses. According to our analysis of all the public data, 18, Heritage Close, Gateshead is the 7th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £47k more expensive than the average property in NE8.
18, Heritage Close, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Sep 2018.
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 18, Heritage Close, Gateshead is Dunston station which is 1.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 18, Heritage Close, Gateshead, 55.6% 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 18, Heritage Close, Gateshead, 24.4% of residents are recorded as possessing school level qualifications and 23.8% 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 18, Heritage Close, Gateshead, the average age was 38.5 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 18, Heritage Close, Gateshead, 0.4% 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 18, Heritage Close, 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.