According to the public record, 2, Walcher Grove, Gateshead is a modern freehold house with 753 ft2 of internal area and sits on a 127 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Walcher Grove, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
2, Walcher Grove, Gateshead has 2 entries in the Land Registry database, most recently in October 2019 and a single entry in the EPC database dated October 2018.
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 Walcher Grove Gateshead as £181,410 and the rental value as £1,006 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 2 Walcher Grove Gateshead has increased by £5,067 (2.8%) and its rental value has increased by £97 per month (9.6%).
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, Walcher Grove, Gateshead is in very good condition we estimate a sale value of £190,481 and rental value of £1,057 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £168,711 and a rental value of £936 per month.
If you were able to purchase this property for the estimated value of £181,410, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £892 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, Walcher Grove, Gateshead sits on a plot of 127m2.
We have plot size data on 12 out of 12 other houses in the postcode and 2, Walcher Grove, Gateshead sits on the 12th largest plot.
According to HM Land Registry, 2, Walcher Grove, Gateshead was last sold on 31 Oct 2019 for £125,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2019, the market for similar properties has risen 17.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Walcher Grove, Gateshead within a radius of 500 metres over the last 2 years.
The most recent example is 10, Bishops Park Road, Gateshead, NE8 3FF, a Leasehold house which sold for £150,000 in May 2024.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Walcher Grove, Gateshead, NE8 has a total of 12 addresses. According to our analysis of all the public data, 2, Walcher Grove, Gateshead is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £49k more expensive than the average property in NE8.
2, Walcher Grove, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Oct 2018.
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, Walcher Grove, Gateshead is Heworth station which is 1.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Walcher Grove, Gateshead, 43.6% 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, Walcher Grove, Gateshead, 22.6% of residents are recorded as possessing school level qualifications and 43.9% 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, Walcher Grove, 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, Walcher Grove, 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, Walcher Grove, Gateshead, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.