According to the public record, 18, Symphony Court, Gateshead is a modern leasehold apartment with 850 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Symphony Court, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
18, Symphony Court, Gateshead has 3 entries in the Land Registry database, most recently in March 2019 and a single entry in the EPC database dated June 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 Symphony Court Gateshead as £116,391 and the rental value as £837 per month giving an expected gross yield of 8.6%.
Over the last 12 months the sale value of 18 Symphony Court Gateshead has increased by £3,743 (3.2%) and its rental value has increased by £83 per month (10.0%).
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, Symphony Court, Gateshead is in very good condition we estimate a sale value of £122,210 and rental value of £879 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £108,243 and a rental value of £779 per month.
If you were able to purchase this property for the estimated value of £116,391, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £572 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, Symphony Court, Gateshead was last sold on 28 Mar 2019 for £158,450 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2019, the market for similar properties has risen 12.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Symphony Court, Gateshead within a radius of 420 metres over the last 2 years.
The most recent example is 123, Durham Road, Gateshead, NE8 4AQ, a Leasehold flat which sold for £130,000 in Jun 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Symphony Court, Gateshead, NE8 has a total of 18 addresses. According to our analysis of all the public data, 18, Symphony Court, Gateshead is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £16k less expensive than the average property in NE8.
18, Symphony Court, Gateshead has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 Jun 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, Symphony Court, Gateshead is Newcastle station which is 2.1 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 18, Symphony Court, Gateshead, 31.4% of property is socially rented and 31.4% is privately rented.
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, Symphony Court, Gateshead, 18.1% of residents are recorded as possessing school level qualifications and 30.8% 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, Symphony Court, 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 18, Symphony Court, 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, Symphony Court, Gateshead, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.