According to the public record, 2 Hill Edge Bungalow, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,214 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Hillcroft, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
2 Hill Edge Bungalow, Gateshead has 21 entries in the Land Registry database, most recently in September 2015 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Hill Edge Bungalow Gateshead as £141,006 and the rental value as £846 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 2 Hill Edge Bungalow Gateshead has increased by £1,543 (1.1%) and its rental value has increased by £69 per month (8.1%).
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 2 Hill Edge Bungalow, Gateshead is in very good condition we estimate a sale value of £148,057 and rental value of £888 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £131,136 and a rental value of £786 per month.
If you were able to purchase this property for the estimated value of £141,006, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £693 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, 2 Hill Edge Bungalow, Gateshead was last sold on 14 Sep 2015 for £198,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Sep 2015, the market for similar properties has risen 24.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Hill Edge Bungalow, Gateshead within a radius of 500 metres over the last 2 years.
The most recent example is 27, Sheriffs Highway, Gateshead, NE9 5PH, a Freehold house which sold for £125,000 in Jan 2021.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hillcroft, Gateshead, NE9 has a total of 11 addresses. According to our analysis of all the public data, 2 Hill Edge Bungalow, Gateshead is the 5th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £16k less expensive than the average property in NE9.
The closest station to 2 Hill Edge Bungalow, Gateshead is Heworth station which is 2.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 2 Hill Edge Bungalow, Gateshead, 49.2% of property is privately owned outright and 29.7% 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 2 Hill Edge Bungalow, Gateshead, 14.6% of residents are recorded as possessing school level qualifications and 36.1% 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 2 Hill Edge Bungalow, Gateshead, the average age was 43.8 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 2 Hill Edge Bungalow, 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 2 Hill Edge Bungalow, Gateshead, there are an average of 1.0 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.