According to the public record, 3, Park Drive, Newcastle Upon Tyne is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 940 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Park Drive, Whickham, Newcastle Upon Tyne, NE16 is located in the borough of Gateshead within the NE16 postal district.
3, Park Drive, Newcastle Upon Tyne has a single entry in the Land Registry database from July 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 3 Park Drive Newcastle Upon Tyne as £243,193 and the rental value as £1,337 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 3 Park Drive Newcastle Upon Tyne has increased by £1,584 (0.7%) and its rental value has increased by £121 per month (9.0%).
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, Park Drive, Newcastle Upon Tyne is in very good condition we estimate a sale value of £255,353 and rental value of £1,403 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £226,170 and a rental value of £1,243 per month.
If you were able to purchase this property for the estimated value of £243,193, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,195 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, Park Drive, Newcastle Upon Tyne was last sold on 28 Jul 2006 for £169,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Park Drive, Newcastle Upon Tyne within a radius of 670 metres over the last 2 years.
The most recent example is 41, Orchard Road, Newcastle Upon Tyne, NE16 4TG, a Freehold house which sold for £237,000 in Jul 2024.
Read more about house prices in NE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Drive, Whickham, Newcastle Upon Tyne, NE16 has a total of 15 addresses. According to our analysis of all the public data, 3, Park Drive, Newcastle Upon Tyne is the 9th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £20k more expensive than the average property in NE16.
The closest station to 3, Park Drive, Newcastle Upon Tyne is MetroCentre station which is 1.3 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, Park Drive, Newcastle Upon Tyne, 52.8% of property is privately owned outright and 26.4% 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, Park Drive, Newcastle Upon Tyne, 7.4% of residents are recorded as possessing school level qualifications and 36.6% 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, Park Drive, Newcastle Upon Tyne, the average age was 43.5 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, Park Drive, Newcastle Upon Tyne, 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, Park Drive, Newcastle Upon Tyne, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.