According to the public record, 41, Gorsehill, Gateshead is a mid-century house with 818 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Gorsehill, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
41, Gorsehill, Gateshead has no records in the Land Registry database and a single entry in the EPC database dated December 2019.
We combine this information with public data 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 41 Gorsehill Gateshead as £57,630 and the rental value as £381 per month giving an expected gross yield of 7.9%.
Over the last 12 months the sale value of 41 Gorsehill Gateshead has increased by £2,380 (4.1%) and its rental value has increased by £43 per month (11.4%).
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 41, Gorsehill, Gateshead is in very good condition we estimate a sale value of £60,512 and rental value of £400 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £53,596 and a rental value of £354 per month.
If you were able to purchase this property for the estimated value of £57,630, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £283 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, Gorsehill, Gateshead within a radius of 600 metres over the last 2 years.
The most recent example is 39, Gorsehill, Gateshead, NE9 6SE, a Freehold house which sold for £49,502 in Nov 2022.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gorsehill, Gateshead, NE9 has a total of 64 addresses. According to our analysis of all the public data, 41, Gorsehill, Gateshead is the 49th largest and the 60th most expensive property on the street.
When compared to the postcode district it is £99k less expensive than the average property in NE9.
41, Gorsehill, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Dec 2019.
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 41, Gorsehill, Gateshead is Heworth station which is 2.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 41, Gorsehill, Gateshead, 46.9% of property is socially rented and 21.6% 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 41, Gorsehill, Gateshead, 26.8% of residents are recorded as possessing school level qualifications and 16.2% 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 41, Gorsehill, Gateshead, the average age was 39.6 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 41, Gorsehill, 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 41, Gorsehill, Gateshead, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.