According to the public record, 3, Pacha Way, Gateshead is a modern leasehold house with 828 ft2 of internal area and sits on a 97.8 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Pacha Way, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
3, Pacha Way, Gateshead has a single entry in the Land Registry database from September 2014 and a single entry in the EPC database dated August 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 3 Pacha Way Gateshead as £197,446 and the rental value as £985 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 3 Pacha Way Gateshead has increased by £4,288 (2.2%) and its rental value has increased by £87 per month (8.9%).
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, Pacha Way, Gateshead is in very good condition we estimate a sale value of £207,318 and rental value of £1,034 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £183,624 and a rental value of £916 per month.
If you were able to purchase this property for the estimated value of £197,446, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £970 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, 3, Pacha Way, Gateshead sits on a plot of 98m2.
We have plot size data on 6 out of 15 other houses in the postcode and 3, Pacha Way, Gateshead sits on the 4th largest plot.
According to HM Land Registry, 3, Pacha Way, Gateshead was last sold on 26 Sep 2014 for £167,995 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Sep 2014, the market for similar properties has risen 27.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Pacha Way, Gateshead within a radius of 630 metres over the last 2 years.
The most recent example is 11 Davison Courtyard, Winters Pass, Gateshead, NE8 2GT, a Leasehold house which sold for £194,000 in Dec 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pacha Way, Gateshead, NE8 has a total of 15 addresses. According to our analysis of all the public data, 3, Pacha Way, Gateshead is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £65k more expensive than the average property in NE8.
3, Pacha Way, Gateshead has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 15 Aug 2014.
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, Pacha Way, 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, Pacha Way, 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, Pacha Way, 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, Pacha Way, 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, Pacha Way, 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, Pacha Way, 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.