According to the public record, 38, Camborne Grove, Gateshead is a period leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Camborne Grove, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
38, Camborne Grove, Gateshead has a single entry in the Land Registry database from September 2014 and a single entry in the EPC database dated June 2014.
We combine this information with that 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 38 Camborne Grove Gateshead as £85,542 and the rental value as £662 per month giving an expected gross yield of 9.3%.
Over the last 12 months the sale value of 38 Camborne Grove Gateshead has increased by £2,768 (3.2%) and its rental value has increased by £66 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 38, Camborne Grove, Gateshead is in very good condition we estimate a sale value of £89,819 and rental value of £695 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £79,554 and a rental value of £616 per month.
If you were able to purchase this property for the estimated value of £85,542, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £420 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, 38, Camborne Grove, Gateshead was last sold on 02 Sep 2014 for £55,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2014, the market for similar properties has risen 18.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, Camborne Grove, Gateshead within a radius of 430 metres over the last 2 years.
The most recent example is 11, Camborne Grove, Gateshead, NE8 4EX, a Leasehold flat which sold for £190,000 in Mar 2022.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Camborne Grove, Gateshead, NE8 has a total of 94 addresses. According to our analysis of all the public data, 38, Camborne Grove, Gateshead is the 9th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £47k less expensive than the average property in NE8.
38, Camborne Grove, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Jun 2014.
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 38, Camborne Grove, 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 38, Camborne Grove, Gateshead, 57.5% of property is socially rented and 20.7% 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 38, Camborne Grove, Gateshead, 8.3% of residents are recorded as possessing school level qualifications and 20.4% 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 38, Camborne Grove, Gateshead, the average age was 35.8 and the most common age was 32.
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 38, Camborne Grove, 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 38, Camborne Grove, Gateshead, there are an average of 0.3 cars per household.
See below for how this compares to North East and the rest of England & Wales.