According to the public record, 21, Marsden Grove, Gateshead is a mid-century leasehold apartment with 807 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Marsden Grove, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
21, Marsden Grove, Gateshead has 2 entries in the Land Registry database, most recently in June 2013 and a single entry in the EPC database dated April 2014.
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 21 Marsden Grove Gateshead as £67,170 and the rental value as £513 per month giving an expected gross yield of 9.2%.
Over the last 12 months the sale value of 21 Marsden Grove Gateshead has increased by £1,596 (2.4%) and its rental value has increased by £49 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 21, Marsden Grove, Gateshead is in very good condition we estimate a sale value of £70,528 and rental value of £539 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £62,468 and a rental value of £477 per month.
If you were able to purchase this property for the estimated value of £67,170, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £330 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, 21, Marsden Grove, Gateshead was last sold on 28 Jun 2013 for £58,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2013, the market for similar properties has risen 15.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 21, Marsden Grove, Gateshead within a radius of 650 metres over the last 2 years.
The most recent example is 110, Springwell Road, Gateshead, NE9 7AA, a Leasehold flat which sold for £61,000 in Aug 2023.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Marsden Grove, Gateshead, NE9 has a total of 27 addresses. According to our analysis of all the public data, 21, Marsden Grove, Gateshead is the 13th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £89k less expensive than the average property in NE9.
21, Marsden Grove, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Apr 2014.
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 21, Marsden Grove, Gateshead is Heworth station which is 3.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 21, Marsden Grove, Gateshead, 43.4% of property is socially rented and 28.3% 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 21, Marsden Grove, Gateshead, 16.7% of residents are recorded as possessing school level qualifications and 12.4% 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 21, Marsden Grove, Gateshead, the average age was 39.6 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 21, Marsden Grove, 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 21, Marsden Grove, Gateshead, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.