According to the public record, 3, The Drive, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 798 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
The Drive, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
3, The Drive, Gateshead has a single entry in the Land Registry database from September 2019 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 3 The Drive Gateshead as £114,408 and the rental value as £760 per month giving an expected gross yield of 8%.
Over the last 12 months the sale value of 3 The Drive Gateshead has increased by £3,737 (3.3%) and its rental value has increased by £79 per month (10.3%).
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, The Drive, Gateshead is in very good condition we estimate a sale value of £120,129 and rental value of £798 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £106,400 and a rental value of £707 per month.
If you were able to purchase this property for the estimated value of £114,408, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £562 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, The Drive, Gateshead was last sold on 27 Sep 2019 for £98,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2019, the market for similar properties has risen 20.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, The Drive, Gateshead within a radius of 550 metres over the last 2 years.
The most recent example is 15, Monksfeld, Gateshead, NE10 9UP, a Freehold house which sold for £109,500 in Nov 2023.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Drive, Gateshead, NE10 has a total of 71 addresses. According to our analysis of all the public data, 3, The Drive, Gateshead is the 46th largest and the 71st most expensive property on the street.
When compared to the postcode district it is £42k less expensive than the average property in NE10.
The closest station to 3, The Drive, Gateshead is Heworth station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, The Drive, Gateshead, 46.0% of property is socially rented and 23.0% 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, The Drive, Gateshead, 22.3% of residents are recorded as possessing school level qualifications and 16.8% 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, The Drive, Gateshead, the average age was 43.7 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, The Drive, Gateshead, 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, The Drive, Gateshead, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.