According to the public record, 42, Elliott Drive, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 767 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Elliott Drive, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
42, Elliott Drive, Gateshead has 2 entries in the Land Registry database, most recently in October 2008 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 42 Elliott Drive Gateshead as £86,273 and the rental value as £578 per month giving an expected gross yield of 8%.
Over the last 12 months the sale value of 42 Elliott Drive Gateshead has increased by £2,818 (3.3%) and its rental value has increased by £60 per month (10.3%).
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 42, Elliott Drive, Gateshead is in very good condition we estimate a sale value of £90,586 and rental value of £607 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £80,234 and a rental value of £538 per month.
If you were able to purchase this property for the estimated value of £86,273, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £424 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, 42, Elliott Drive, Gateshead was last sold on 31 Oct 2008 for £86,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2008, the market for similar properties has risen 32.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Elliott Drive, Gateshead within a radius of 510 metres over the last 2 years.
The most recent example is 28, Helmsdale Avenue, Gateshead, NE10 0JD, a Freehold house which sold for £49,000 in Aug 2018.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Elliott Drive, Gateshead, NE10 has a total of 87 addresses. According to our analysis of all the public data, 42, Elliott Drive, Gateshead is the 48th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £70k less expensive than the average property in NE10.
The closest station to 42, Elliott Drive, Gateshead is Heworth station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 42, Elliott Drive, Gateshead, 67.5% of property is socially rented and 11.4% 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 42, Elliott Drive, Gateshead, 13.7% of residents are recorded as possessing school level qualifications and 11.0% 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 42, Elliott Drive, Gateshead, the average age was 43.7 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 42, Elliott Drive, 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 42, Elliott Drive, Gateshead, there are an average of 0.5 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.