According to the public record, 18, Radcliffe Close, Gateshead is a modern leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Radcliffe Close, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
18, Radcliffe Close, Gateshead has 21 entries in the Land Registry database, most recently in April 2007 and a single entry in the EPC database dated September 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 18 Radcliffe Close Gateshead as £87,481 and the rental value as £683 per month giving an expected gross yield of 9.4%.
Over the last 12 months the sale value of 18 Radcliffe Close Gateshead has increased by £2,761 (3.2%) and its rental value has increased by £67 per month (9.8%).
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 18, Radcliffe Close, Gateshead is in very good condition we estimate a sale value of £91,855 and rental value of £718 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £81,357 and a rental value of £636 per month.
If you were able to purchase this property for the estimated value of £87,481, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £430 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, 18, Radcliffe Close, Gateshead was last sold on 10 Apr 2007 for £117,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2007, the market for similar properties has dropped 8.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Radcliffe Close, Gateshead within a radius of 500 metres over the last 2 years.
The most recent example is 58, Renforth Close, Gateshead, NE8 3JB, a Leasehold flat which sold for £100,000 in Jul 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Radcliffe Close, Gateshead, NE8 has a total of 20 addresses. According to our analysis of all the public data, 18, Radcliffe Close, Gateshead is the 20th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £45k less expensive than the average property in NE8.
18, Radcliffe Close, Gateshead has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 22 Sep 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 18, Radcliffe Close, Gateshead is Manors station which is 1.9 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 18, Radcliffe Close, Gateshead, 46.9% of property is privately rented and 35.7% 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, Radcliffe Close, Gateshead, 21.7% of residents are recorded as possessing school level qualifications and 61.3% 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, Radcliffe 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 18, Radcliffe Close, 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 18, Radcliffe Close, 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.