According to the public record, 40, Ropery Road, Gateshead is a modern leasehold house with 796 ft2 of internal area and sits on a 1,400 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Ropery Road, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
40, Ropery Road, Gateshead has a single entry in the Land Registry database from December 2015 and a single entry in the EPC database dated November 2015.
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 40 Ropery Road Gateshead as £202,577 and the rental value as £1,020 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 40 Ropery Road Gateshead has increased by £6,117 (3.0%) and its rental value has increased by £101 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 40, Ropery Road, Gateshead is in very good condition we estimate a sale value of £212,705 and rental value of £1,071 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £188,396 and a rental value of £948 per month.
If you were able to purchase this property for the estimated value of £202,577, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £996 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 data from HM Land Registry, 40, Ropery Road, Gateshead sits on a plot of 1400m2.
We have plot size data on 55 out of 62 other houses in the postcode and 40, Ropery Road, Gateshead sits on the largest plot.
According to HM Land Registry, 40, Ropery Road, Gateshead was last sold on 18 Dec 2015 for £150,995 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Dec 2015, the market for similar properties has risen 28.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Ropery Road, Gateshead within a radius of 630 metres over the last 2 years.
The most recent example is 26, Ropery Road, Gateshead, NE8 2HP, a Leasehold house which sold for £172,000 in Dec 2021.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ropery Road, Gateshead, NE8 has a total of 63 addresses. According to our analysis of all the public data, 40, Ropery Road, Gateshead is the 49th largest and the 45th most expensive property on the street.
When compared to the postcode district it is £70k more expensive than the average property in NE8.
40, Ropery Road, Gateshead has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 24 Nov 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 40, Ropery Road, Gateshead is Dunston station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 40, Ropery Road, Gateshead, 54.7% of property is socially rented and 34.7% 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 40, Ropery Road, Gateshead, 13.0% of residents are recorded as possessing school level qualifications and 38.4% 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 40, Ropery Road, Gateshead, the average age was 38.5 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 40, Ropery Road, Gateshead, 0.3% 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 40, Ropery Road, 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.