According to the public record, 488, Lobley Hill Road, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,075 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Lobley Hill Road, Gateshead, NE11 is located in the borough of Gateshead within the NE11 postal district.
488, Lobley Hill Road, Gateshead has a single entry in the Land Registry database from March 2007 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.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 488 Lobley Hill Road Gateshead as £214,392 and the rental value as £1,035 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 488 Lobley Hill Road Gateshead has increased by £5,712 (2.7%) and its rental value has increased by £100 per month (9.7%).
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 488, Lobley Hill Road, Gateshead is in very good condition we estimate a sale value of £225,111 and rental value of £1,087 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £199,384 and a rental value of £963 per month.
If you were able to purchase this property for the estimated value of £214,392, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,054 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, 488, Lobley Hill Road, Gateshead was last sold on 23 Mar 2007 for £200,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2007, the market for similar properties has risen 15.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 488, Lobley Hill Road, Gateshead within a radius of 550 metres over the last 2 years.
The most recent example is 38, Pinewood Gardens, Gateshead, NE11 0DJ, a Freehold house which sold for £210,000 in Oct 2023.
Read more about house prices in NE11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lobley Hill Road, Gateshead, NE11 has a total of 94 addresses. According to our analysis of all the public data, 488, Lobley Hill Road, Gateshead is the 45th largest and the 47th most expensive property on the street.
When compared to the postcode district it is £82k more expensive than the average property in NE11.
The closest station to 488, Lobley Hill Road, Gateshead is Dunston station which is 1.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 488, Lobley Hill Road, Gateshead, 39.7% of property is privately owned outright and 29.8% 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 488, Lobley Hill Road, Gateshead, 15.8% of residents are recorded as possessing school level qualifications and 23.1% 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 488, Lobley Hill Road, Gateshead, the average age was 43.3 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 488, Lobley Hill Road, Gateshead, 0.8% 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 488, Lobley Hill Road, 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.