According to the public record, 4, Norwood Gardens, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 974 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Norwood Gardens, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
4, Norwood Gardens, Gateshead has 2 entries in the Land Registry database, most recently in November 2017 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 4 Norwood Gardens Gateshead as £204,100 and the rental value as £1,019 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 4 Norwood Gardens Gateshead has increased by £3,558 (1.7%) and its rental value has increased by £86 per month (8.5%).
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 4, Norwood Gardens, Gateshead is in very good condition we estimate a sale value of £214,305 and rental value of £1,070 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £189,813 and a rental value of £948 per month.
If you were able to purchase this property for the estimated value of £204,100, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,003 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, 4, Norwood Gardens, Gateshead was last sold on 17 Nov 2017 for £179,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Nov 2017, the market for similar properties has risen 19.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Norwood Gardens, Gateshead within a radius of 400 metres over the last 2 years.
The most recent example is 8, Norwood Gardens, Gateshead, NE9 5EA, a Freehold house which sold for £190,000 in Mar 2023.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Norwood Gardens, Gateshead, NE9 has a total of 25 addresses. According to our analysis of all the public data, 4, Norwood Gardens, Gateshead is the 7th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £48k more expensive than the average property in NE9.
The closest station to 4, Norwood Gardens, Gateshead is Heworth station which is 2.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 4, Norwood Gardens, Gateshead, 44.4% of property is privately owned with a mortgage and 43.6% 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 4, Norwood Gardens, Gateshead, 16.0% of residents are recorded as possessing school level qualifications and 49.4% 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 4, Norwood Gardens, 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 4, Norwood Gardens, 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 4, Norwood Gardens, Gateshead, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.