According to the public record, 3 Advent Courtyard, Gateshead is a modern leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Advent Courtyard, Teemers Drive, Gateshead, NE8.
Teemers Drive, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
3 Advent Courtyard, Gateshead has 2 entries in the Land Registry database, most recently in May 2022 and a single entry in the EPC database dated February 2015.
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 3 Advent Courtyard Gateshead as £128,633 and the rental value as £853 per month giving an expected gross yield of 8%.
Over the last 12 months the sale value of 3 Advent Courtyard Gateshead has increased by £4,276 (3.3%) and its rental value has increased by £86 per month (10.1%).
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 3 Advent Courtyard, Gateshead is in very good condition we estimate a sale value of £135,065 and rental value of £896 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £119,629 and a rental value of £793 per month.
If you were able to purchase this property for the estimated value of £128,633, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £632 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, 3 Advent Courtyard, Gateshead was last sold on 06 May 2022 for £120,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2022, the market for similar properties has risen 6.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3 Advent Courtyard, Gateshead within a radius of 610 metres over the last 2 years.
The most recent example is 2 Davison Courtyard, Winters Pass, Gateshead, NE8 2GT, a Leasehold flat which sold for £122,000 in Mar 2024.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Teemers Drive, Gateshead, NE8 has a total of 18 addresses. According to our analysis of all the public data, 3 Advent Courtyard, Gateshead is the 16th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £4k less expensive than the average property in NE8.
3 Advent Courtyard, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Feb 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 3 Advent Courtyard, Gateshead is Dunston station which is 800 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 3 Advent Courtyard, Gateshead, 44.9% of property is privately rented and 35.3% 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 3 Advent Courtyard, Gateshead, 12.6% of residents are recorded as possessing school level qualifications and 67.0% 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 3 Advent Courtyard, Gateshead, the average age was 38.5 and the most common age was 32.
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 3 Advent Courtyard, Gateshead, 0.3% 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 3 Advent Courtyard, Gateshead, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.