According to the public record, 24, Bowburn Close, Gateshead is a modern freehold house with 517 ft2 of internal area and sits on a 262 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Bowburn Close, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
24, Bowburn Close, Gateshead has 3 entries in the Land Registry database, most recently in November 2020 and a single entry in the EPC database dated January 2011.
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 24 Bowburn Close Gateshead as £149,913 and the rental value as £825 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 24 Bowburn Close Gateshead has increased by £3,992 (2.7%) and its rental value has increased by £78 per month (9.5%).
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 24, Bowburn Close, Gateshead is in very good condition we estimate a sale value of £157,409 and rental value of £867 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £139,420 and a rental value of £768 per month.
If you were able to purchase this property for the estimated value of £149,913, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £737 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, 24, Bowburn Close, Gateshead sits on a plot of 262m2.
We have plot size data on 14 out of 27 other houses in the postcode and 24, Bowburn Close, Gateshead sits on the 5th largest plot.
According to HM Land Registry, 24, Bowburn Close, Gateshead was last sold on 13 Nov 2020 for £160,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Nov 2020, the market for similar properties has risen 13.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Bowburn Close, Gateshead within a radius of 750 metres over the last 2 years.
The most recent example is 27, Bradbury Close, Gateshead, NE10 8UF, a Freehold house which sold for £127,000 in Dec 2023.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bowburn Close, Gateshead, NE10 has a total of 27 addresses. According to our analysis of all the public data, 24, Bowburn Close, Gateshead is the 26th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £7k less expensive than the average property in NE10.
24, Bowburn Close, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Jan 2011.
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 24, Bowburn Close, Gateshead is Heworth station which is 2.0 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 24, Bowburn Close, Gateshead, 47.3% of property is privately owned outright and 40.5% 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 24, Bowburn Close, Gateshead, 11.2% of residents are recorded as possessing school level qualifications and 25.8% 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 24, Bowburn Close, 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 24, Bowburn Close, Gateshead, 2.4% 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 24, Bowburn Close, Gateshead, there are an average of 1.3 cars per household.
See below for how this compares to North East and the rest of England & Wales.