According to the public record, 2, Elderwood Gardens, Gateshead is a early-century leasehold house with 968 ft2 of internal area and sits on a 314 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Elderwood Gardens, Gateshead, NE11 is located in the borough of Gateshead within the NE11 postal district.
2, Elderwood Gardens, Gateshead has a single entry in the Land Registry database from November 2020 and a single entry in the EPC database dated October 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Elderwood Gardens Gateshead as £163,879 and the rental value as £1,000 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 2 Elderwood Gardens Gateshead has increased by £2,454 (1.5%) and its rental value has increased by £83 per month (8.3%).
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, Elderwood Gardens, Gateshead is in very good condition we estimate a sale value of £172,073 and rental value of £1,050 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £152,408 and a rental value of £930 per month.
If you were able to purchase this property for the estimated value of £163,879, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £805 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, 2, Elderwood Gardens, Gateshead sits on a plot of 314m2.
We have plot size data on 19 out of 28 other houses in the postcode and 2, Elderwood Gardens, Gateshead sits on the 2nd largest plot.
According to HM Land Registry, 2, Elderwood Gardens, Gateshead was last sold on 27 Nov 2020 for £143,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Nov 2020, 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 2, Elderwood Gardens, Gateshead within a radius of 740 metres over the last 2 years.
The most recent example is 8, Coach Road, Gateshead, NE11 0DY, a Freehold house which sold for £173,000 in Jun 2023.
Read more about house prices in NE11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Elderwood Gardens, Gateshead, NE11 has a total of 28 addresses. According to our analysis of all the public data, 2, Elderwood Gardens, Gateshead is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £31k more expensive than the average property in NE11.
2, Elderwood Gardens, Gateshead has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 10 Oct 2019.
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 2, Elderwood Gardens, Gateshead is Dunston station which is 1.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Elderwood Gardens, Gateshead, 51.5% of property is privately owned outright and 37.1% 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, Elderwood Gardens, Gateshead, 14.0% of residents are recorded as possessing school level qualifications and 26.6% 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, Elderwood Gardens, Gateshead, the average age was 43.3 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, Elderwood Gardens, 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 2, Elderwood Gardens, Gateshead, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.