According to the public record, 27, Crosby Gardens, Gateshead is a mid-century leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Crosby Gardens, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
27, Crosby Gardens, Gateshead has 2 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated February 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 27 Crosby Gardens Gateshead as £50,672 and the rental value as £412 per month giving an expected gross yield of 9.7%.
Over the last 12 months the sale value of 27 Crosby Gardens Gateshead has increased by £1,178 (2.3%) and its rental value has increased by £39 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 27, Crosby Gardens, Gateshead is in very good condition we estimate a sale value of £53,206 and rental value of £432 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £47,125 and a rental value of £383 per month.
If you were able to purchase this property for the estimated value of £50,672, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £249 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, 27, Crosby Gardens, Gateshead was last sold on 25 Jun 2021 for £46,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2021, the market for similar properties has risen 8.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 27, Crosby Gardens, Gateshead within a radius of 580 metres over the last 2 years.
The most recent example is 1, Wetheral Gardens, Gateshead, NE9 6PY, a Leasehold flat which sold for £49,950 in Apr 2023.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Crosby Gardens, Gateshead, NE9 has a total of 37 addresses. According to our analysis of all the public data, 27, Crosby Gardens, Gateshead is the 37th largest and the 37th most expensive property on the street.
When compared to the postcode district it is £106k less expensive than the average property in NE9.
27, Crosby Gardens, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Feb 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 27, Crosby Gardens, Gateshead is Heworth station which is 3.2 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 27, Crosby Gardens, Gateshead, 32.7% of property is socially rented and 27.2% 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 27, Crosby Gardens, Gateshead, 16.5% of residents are recorded as possessing school level qualifications and 18.3% 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 27, Crosby Gardens, Gateshead, the average age was 43.7 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 27, Crosby Gardens, 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 27, Crosby Gardens, 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.