According to the public record, 2, Parklands Way, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,130 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Parklands Way, Wardley, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
2, Parklands Way, Gateshead has 31 entries in the Land Registry database, most recently in October 2007 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 Parklands Way Gateshead as £268,853 and the rental value as £1,207 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 2 Parklands Way Gateshead has increased by £4,179 (1.6%) and its rental value has increased by £97 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, Parklands Way, Gateshead is in very good condition we estimate a sale value of £282,296 and rental value of £1,267 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £250,034 and a rental value of £1,122 per month.
If you were able to purchase this property for the estimated value of £268,853, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,321 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, Parklands Way, Gateshead was last sold on 08 Oct 2007 for £195,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Oct 2007, the market for similar properties has risen 24.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Parklands Way, Gateshead within a radius of 660 metres over the last 2 years.
The most recent example is 43, Parklands Way, Gateshead, NE10 8GA, a Freehold house which sold for £288,880 in May 2024.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Parklands Way, Wardley, Gateshead, NE10 has a total of 52 addresses. According to our analysis of all the public data, 2, Parklands Way, Gateshead is the 19th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £112k more expensive than the average property in NE10.
The closest station to 2, Parklands Way, Gateshead is Heworth station which is 1.6 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Parklands Way, Gateshead, 54.5% of property is privately owned with a mortgage and 37.0% 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 2, Parklands Way, Gateshead, 20.3% of residents are recorded as possessing school level qualifications and 31.3% 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, Parklands Way, Gateshead, the average age was 45.1 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, Parklands Way, Gateshead, 0.8% 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, Parklands Way, Gateshead, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.