According to the public record, 44, Mardale Gardens, Gateshead is a mid-century leasehold apartment with 376 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Mardale Gardens, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
44, Mardale Gardens, Gateshead has 41 entries in the Land Registry database, most recently in October 2007 and a single entry in the EPC database dated April 2023.
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 44 Mardale Gardens Gateshead as £55,628 and the rental value as £439 per month giving an expected gross yield of 9.5%.
Over the last 12 months the sale value of 44 Mardale Gardens Gateshead has increased by £1,313 (2.4%) and its rental value has increased by £42 per month (9.5%).
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 44, Mardale Gardens, Gateshead is in very good condition we estimate a sale value of £58,409 and rental value of £461 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £51,734 and a rental value of £408 per month.
If you were able to purchase this property for the estimated value of £55,628, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £273 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, 44, Mardale Gardens, Gateshead was last sold on 26 Oct 2007 for £72,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Oct 2007, the market for similar properties has dropped 7.4%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 520 metres radius of 44, Mardale Gardens, Gateshead over the last 2 years.
The most recent example is 18, Greystoke Gardens, Gateshead, NE9 6PB, a Freehold house which sold for £130,000 in Sep 2021.
Read more about house prices in NE9.
Mardale Gardens, Gateshead, NE9 has a total of 40 addresses. According to our analysis of all the public data, 44, Mardale Gardens, Gateshead is the 40th largest and the 40th most expensive property on the street.
When compared to the postcode district it is £101k less expensive than the average property in NE9.
44, Mardale Gardens, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Apr 2023.
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 44, Mardale Gardens, Gateshead is Heworth station which is 3.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 44, Mardale Gardens, Gateshead, 43.7% of property is socially rented and 26.1% 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 44, Mardale Gardens, Gateshead, 21.5% of residents are recorded as possessing school level qualifications and 16.3% 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 44, Mardale Gardens, 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 44, Mardale 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 44, Mardale Gardens, 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.