According to the public record, 3, Meredith Court, Gateshead is a modern apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Meredith Court, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
3, Meredith Court, Gateshead has no records in the Land Registry database and a single entry in the EPC database dated March 2011.
We combine this information with public data 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 Meredith Court Gateshead as £101,333 and the rental value as £759 per month giving an expected gross yield of 9%.
Over the last 12 months the sale value of 3 Meredith Court Gateshead has increased by £3,208 (3.2%) and its rental value has increased by £75 per month (9.9%).
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, Meredith Court, Gateshead is in very good condition we estimate a sale value of £106,400 and rental value of £797 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £94,240 and a rental value of £706 per month.
If you were able to purchase this property for the estimated value of £101,333, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £498 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Meredith Court, Gateshead within a radius of 500 metres over the last 2 years.
The most recent example is 127, Chaucer Close, Gateshead, NE8 3NQ, a Leasehold flat which sold for £85,000 in Jan 2024.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Meredith Court, Gateshead, NE8 has a total of 6 addresses. According to our analysis of all the public data, 3, Meredith Court, Gateshead is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £31k less expensive than the average property in NE8.
3, Meredith Court, Gateshead has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Mar 2011.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 3, Meredith Court, Gateshead is Newcastle station which is 1.9 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, Meredith Court, Gateshead, 54.9% of property is privately rented and 15.0% 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 3, Meredith Court, Gateshead, 14.1% of residents are recorded as possessing school level qualifications and 37.7% 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, Meredith Court, Gateshead, the average age was 38.5 and the most common age was 27.
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, Meredith Court, Gateshead, 0.8% 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, Meredith Court, Gateshead, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.