According to the public record, 3, Meadowbrook Drive, Gateshead is a mid-century leasehold house with 893 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Meadowbrook Drive, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
3, Meadowbrook Drive, Gateshead has a single entry in the Land Registry database from July 2021 and a single entry in the EPC database dated January 2021.
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 Meadowbrook Drive Gateshead as £196,484 and the rental value as £1,068 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 3 Meadowbrook Drive Gateshead has increased by £4,988 (2.5%) and its rental value has increased by £97 per month (9.1%).
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, Meadowbrook Drive, Gateshead is in very good condition we estimate a sale value of £206,308 and rental value of £1,121 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £182,730 and a rental value of £993 per month.
If you were able to purchase this property for the estimated value of £196,484, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £966 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, Meadowbrook Drive, Gateshead was last sold on 21 Jul 2021 for £158,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Jul 2021, the market for similar properties has risen 10.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Meadowbrook Drive, Gateshead within a radius of 620 metres over the last 2 years.
The most recent example is 22, Lindrick Court, Gateshead, NE10 8EF, a Freehold house which sold for £225,000 in Mar 2024.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Meadowbrook Drive, Gateshead, NE10 has a total of 27 addresses. According to our analysis of all the public data, 3, Meadowbrook Drive, Gateshead is the 14th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £40k more expensive than the average property in NE10.
3, Meadowbrook Drive, Gateshead has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 20 Jan 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to 3, Meadowbrook Drive, Gateshead is Heworth station which is 1.7 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 3, Meadowbrook Drive, Gateshead, 73.6% of property is privately owned outright and 20.0% 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, Meadowbrook Drive, Gateshead, 8.1% of residents are recorded as possessing school level qualifications and 29.1% 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, Meadowbrook Drive, 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 3, Meadowbrook Drive, 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 3, Meadowbrook Drive, Gateshead, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.