According to the public record, 41, Renforth Close, Gateshead is a modern freehold house with 871 ft2 of internal area and sits on a 260 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Renforth Close, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
41, Renforth Close, Gateshead has 21 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated July 2019.
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 41 Renforth Close Gateshead as £193,682 and the rental value as £963 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 41 Renforth Close Gateshead has increased by £5,007 (2.6%) and its rental value has increased by £89 per month (9.2%).
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, Renforth Close, Gateshead is in very good condition we estimate a sale value of £203,366 and rental value of £1,011 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £180,124 and a rental value of £896 per month.
If you were able to purchase this property for the estimated value of £193,682, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £952 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, 41, Renforth Close, Gateshead sits on a plot of 260m2.
We have plot size data on 10 out of 12 other houses in the postcode and 41, Renforth Close, Gateshead sits on the 3rd largest plot.
According to HM Land Registry, 41, Renforth Close, Gateshead was last sold on 01 Jun 2021 for £200,250 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2021, the market for similar properties has risen 9.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, Renforth Close, Gateshead within a radius of 530 metres over the last 2 years.
The most recent example is 130, Sanderson Villas, Gateshead, NE8 3DD, a Freehold house which sold for £150,000 in Jun 2021.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Renforth Close, Gateshead, NE8 has a total of 62 addresses. According to our analysis of all the public data, 41, Renforth Close, Gateshead is the 28th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £61k more expensive than the average property in NE8.
41, Renforth Close, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Jul 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, Renforth Close, Gateshead is Manors station which is 1.9 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 41, Renforth Close, Gateshead, 46.9% of property is privately rented and 35.7% 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 41, Renforth Close, Gateshead, 21.7% of residents are recorded as possessing school level qualifications and 61.3% 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, Renforth Close, Gateshead, the average age was 35.8 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 41, Renforth Close, 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, Renforth Close, Gateshead, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.