According to the public record, 3, Ripon Street, Gateshead is a period leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Ripon Street, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
3, Ripon Street, Gateshead has 41 entries in the Land Registry database, most recently in October 2014 and a single entry in the EPC database dated July 2019.
We combine this information with that of neighbouring properties to estimate the property 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.
1Sales dated prior to 2007 are shown, but are not used in our calculations.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 3 Ripon Street Gateshead as £70,517 and the rental value as £543 per month giving an expected gross yield of 9.2%.
Over the last 12 months the sale value of 3 Ripon Street Gateshead has increased by £2,228 (3.2%) and its rental value has increased by £54 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, Ripon Street, Gateshead is in very good condition we estimate a sale value of £74,043 and rental value of £570 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £65,581 and a rental value of £505 per month.
If you were able to purchase this property for the estimated value of £70,517, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £347 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, Ripon Street, Gateshead was last sold on 06 Oct 2014 for £55,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Oct 2014, the market for similar properties has risen 19.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Ripon Street, Gateshead within a radius of 440 metres over the last 2 years.
The most recent example is 20, Ripon Street, Gateshead, NE8 4EP, a Leasehold flat which sold for £70,000 in Mar 2024.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ripon Street, Gateshead, NE8 has a total of 72 addresses. According to our analysis of all the public data, 3, Ripon Street, Gateshead is the 44th largest and the 45th most expensive property on the street.
When compared to the postcode district it is £62k less expensive than the average property in NE8.
3, Ripon Street, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Jul 2019.
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, Ripon Street, Gateshead is Newcastle station which is 1.8 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, Ripon Street, Gateshead, 56.3% of property is privately rented and 21.9% 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, Ripon Street, Gateshead, 40.0% of residents are recorded as possessing school level qualifications and 29.7% 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, Ripon Street, 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, Ripon Street, Gateshead, 1.0% 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, Ripon Street, 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.