According to the public record, 49 Fairway Court, Gateshead is a modern leasehold apartment with 990 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Fairway Court, Fletcher Road, Gateshead, NE8.
Fletcher Road, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
49 Fairway Court, Gateshead has 41 entries in the Land Registry database, most recently in December 2022 and a single entry in the EPC database dated February 2020.
We combine this information with that of neighbouring properties to estimate the property 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.
1Sales dated prior to 2007 are shown, but are not used in our calculations.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 49 Fairway Court Gateshead as £203,048 and the rental value as £1,070 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 49 Fairway Court Gateshead has increased by £5,560 (2.7%) and its rental value has increased by £100 per month (9.4%).
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 49 Fairway Court, Gateshead is in very good condition we estimate a sale value of £213,200 and rental value of £1,123 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £188,835 and a rental value of £995 per month.
If you were able to purchase this property for the estimated value of £203,048, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £998 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, 49 Fairway Court, Gateshead was last sold on 05 Dec 2022 for £255,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Dec 2022, the market for similar properties has risen 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 49 Fairway Court, Gateshead within a radius of 550 metres over the last 2 years.
The most recent example is 42 Fairway Court, Fletcher Road, Gateshead, NE8 2AY, a Leasehold flat which sold for £182,000 in Oct 2022.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fletcher Road, Gateshead, NE8 has a total of 85 addresses. According to our analysis of all the public data, 49 Fairway Court, Gateshead is the 13th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £70k more expensive than the average property in NE8.
49 Fairway Court, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Feb 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 49 Fairway Court, Gateshead is Newcastle station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 49 Fairway Court, Gateshead, 70.2% of property is privately rented and 20.2% 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 49 Fairway Court, Gateshead, 13.9% of residents are recorded as possessing school level qualifications and 69.1% 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 49 Fairway Court, 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 49 Fairway Court, 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 49 Fairway Court, Gateshead, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.