According to the public record, 197, Redgrave Close, Gateshead is a modern leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Redgrave Close, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
197, Redgrave Close, Gateshead has 41 entries in the Land Registry database, most recently in November 2022 and a single entry in the EPC database dated March 2016.
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 197 Redgrave Close Gateshead as £93,854 and the rental value as £700 per month giving an expected gross yield of 8.9%.
Over the last 12 months the sale value of 197 Redgrave Close Gateshead has increased by £3,051 (3.3%) and its rental value has increased by £68 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 197, Redgrave Close, Gateshead is in very good condition we estimate a sale value of £98,547 and rental value of £735 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £87,284 and a rental value of £651 per month.
If you were able to purchase this property for the estimated value of £93,854, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £461 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, 197, Redgrave Close, Gateshead was last sold on 09 Nov 2022 for £98,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Nov 2022, the market for similar properties has risen 2.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 197, Redgrave Close, Gateshead within a radius of 660 metres over the last 2 years.
The most recent example is 89, Foster Drive, Gateshead, NE8 3JA, a Leasehold flat which sold for £93,500 in Jun 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Redgrave Close, Gateshead, NE8 has a total of 153 addresses. According to our analysis of all the public data, 197, Redgrave Close, Gateshead is the 129th largest and the 122nd most expensive property on the street.
When compared to the postcode district it is £39k less expensive than the average property in NE8.
197, Redgrave Close, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Mar 2016.
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 197, Redgrave 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 197, Redgrave Close, Gateshead, 65.6% of property is socially rented and 14.0% is privately owned outright.
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 197, Redgrave Close, Gateshead, 24.9% of residents are recorded as possessing school level qualifications and 16.2% 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 197, Redgrave Close, Gateshead, the average age was 39.7 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 197, Redgrave 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 197, Redgrave Close, 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.