According to the public record, 47, Ovett Gardens, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,269 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Ovett Gardens, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
47, Ovett Gardens, Gateshead has a single entry in the Land Registry database from November 2010 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 47 Ovett Gardens Gateshead as £200,831 and the rental value as £1,009 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 47 Ovett Gardens Gateshead has increased by £3,315 (1.7%) and its rental value has increased by £83 per month (8.2%).
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 47, Ovett Gardens, Gateshead is in very good condition we estimate a sale value of £210,873 and rental value of £1,060 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £186,773 and a rental value of £939 per month.
If you were able to purchase this property for the estimated value of £200,831, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £987 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, 47, Ovett Gardens, Gateshead was last sold on 30 Nov 2010 for £199,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2010, the market for similar properties has risen 28.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 47, Ovett Gardens, Gateshead within a radius of 540 metres over the last 2 years.
The most recent example is 110, Sanderson Villas, Gateshead, NE8 3DD, a Freehold house which sold for £205,000 in Jun 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ovett Gardens, Gateshead, NE8 has a total of 66 addresses. According to our analysis of all the public data, 47, Ovett Gardens, Gateshead is the 15th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £68k more expensive than the average property in NE8.
The closest station to 47, Ovett Gardens, Gateshead is Manors station which is 2.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 47, Ovett Gardens, 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 47, Ovett Gardens, 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 47, Ovett Gardens, 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 47, Ovett 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 47, Ovett Gardens, 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.