According to the public record, 2, Foster Drive, Gateshead is a modern freehold house with 1,334 ft2 of internal area and sits on a 205 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Foster Drive, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
2, Foster Drive, Gateshead has 21 entries in the Land Registry database, most recently in February 2008 and a single entry in the EPC database dated July 2023.
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 2 Foster Drive Gateshead as £207,814 and the rental value as £1,020 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 2 Foster Drive Gateshead has increased by £3,430 (1.7%) and its rental value has increased by £84 per month (8.2%).
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, Foster Drive, Gateshead is in very good condition we estimate a sale value of £218,204 and rental value of £1,071 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £193,267 and a rental value of £948 per month.
If you were able to purchase this property for the estimated value of £207,814, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,021 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, Foster Drive, Gateshead sits on a plot of 205m2.
We have plot size data on 12 out of 14 other houses in the postcode and 2, Foster Drive, Gateshead sits on the 7th largest plot.
According to HM Land Registry, 2, Foster Drive, Gateshead was last sold on 15 Feb 2008 for £212,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Feb 2008, the market for similar properties has risen 17.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Foster Drive, Gateshead within a radius of 570 metres over the last 2 years.
The most recent example is 24, Foster Drive, Gateshead, NE8 3JG, a Freehold house which sold for £210,000 in Dec 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Foster Drive, Gateshead, NE8 has a total of 104 addresses. According to our analysis of all the public data, 2, Foster Drive, Gateshead is the 8th largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £75k more expensive than the average property in NE8.
2, Foster Drive, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 31 Jul 2023.
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, Foster Drive, 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 2, Foster Drive, 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 2, Foster Drive, 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 2, Foster Drive, 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 2, Foster Drive, 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, Foster Drive, 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.