According to the public record, 34, Oak Avenue, Gateshead is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a early-century apartment with 705 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Oak Avenue, Gateshead, NE11 is located in the borough of Gateshead within the NE11 postal district.
34, Oak Avenue, Gateshead has a single entry in the Land Registry database from November 2007 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 34 Oak Avenue Gateshead as £81,220 and the rental value as £620 per month giving an expected gross yield of 9.2%.
Over the last 12 months the sale value of 34 Oak Avenue Gateshead has increased by £1,920 (2.4%) and its rental value has increased by £61 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 34, Oak Avenue, Gateshead is in very good condition we estimate a sale value of £85,281 and rental value of £651 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £75,535 and a rental value of £577 per month.
If you were able to purchase this property for the estimated value of £81,220, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £399 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, 34, Oak Avenue, Gateshead was last sold on 06 Nov 2007 for £80,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2007, the market for similar properties has risen 1.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 34, Oak Avenue, Gateshead within a radius of 530 metres over the last 2 years.
The most recent example is 38, Oak Avenue, Gateshead, NE11 9UQ, a Leasehold flat which sold for £75,000 in Nov 2022.
Read more about house prices in NE11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oak Avenue, Gateshead, NE11 has a total of 82 addresses. According to our analysis of all the public data, 34, Oak Avenue, Gateshead is the 49th largest and the 66th most expensive property on the street.
When compared to the postcode district it is £52k less expensive than the average property in NE11.
The closest station to 34, Oak Avenue, Gateshead is Dunston station which is 600 metres 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 34, Oak Avenue, Gateshead, 49.5% of property is socially rented and 24.3% 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 34, Oak Avenue, Gateshead, 22.1% of residents are recorded as possessing school level qualifications and 18.2% 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 34, Oak Avenue, Gateshead, the average age was 43.4 and the most common age was 52.
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 34, Oak Avenue, Gateshead, 0.9% 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 34, Oak Avenue, Gateshead, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.