According to the public record, 3, Richmond Court, Gateshead is a mid-century apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Richmond Court, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
3, Richmond Court, Gateshead has no records in the Land Registry database and a single entry in the EPC database dated November 2023.
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 Richmond Court Gateshead as £83,556 and the rental value as £652 per month giving an expected gross yield of 9.4%.
Over the last 12 months the sale value of 3 Richmond Court Gateshead has increased by £2,549 (3.1%) and its rental value has increased by £64 per month (9.8%).
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, Richmond Court, Gateshead is in very good condition we estimate a sale value of £87,734 and rental value of £685 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £77,707 and a rental value of £606 per month.
If you were able to purchase this property for the estimated value of £83,556, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £411 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, Richmond Court, Gateshead within a radius of 460 metres over the last 2 years.
The most recent example is 67, Shipcote Terrace, Gateshead, NE8 4AA, a Leasehold flat which sold for £70,000 in May 2024.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richmond Court, Gateshead, NE8 has a total of 18 addresses. According to our analysis of all the public data, 3, Richmond Court, Gateshead is the 7th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £49k less expensive than the average property in NE8.
3, Richmond Court, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Nov 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 3, Richmond Court, Gateshead is Newcastle station which is 2.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, Richmond Court, Gateshead, 31.4% of property is socially rented and 31.4% is privately rented.
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, Richmond Court, Gateshead, 18.1% of residents are recorded as possessing school level qualifications and 30.8% 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, Richmond 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, Richmond Court, Gateshead, 0.4% 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, Richmond Court, Gateshead, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.