According to the public record, 5, Rock Grove, Gateshead is a leasehold house.
By comparing it to neighbours, we estimate that it is a period house with 939 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Rock Grove, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
5, Rock Grove, Gateshead has 31 entries in the Land Registry database, most recently in September 2021 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 5 Rock Grove Gateshead as £199,978 and the rental value as £1,045 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 5 Rock Grove Gateshead has increased by £2,508 (1.3%) and its rental value has increased by £86 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 5, Rock Grove, Gateshead is in very good condition we estimate a sale value of £209,977 and rental value of £1,097 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £185,979 and a rental value of £972 per month.
If you were able to purchase this property for the estimated value of £199,978, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £983 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, 5, Rock Grove, Gateshead was last sold on 06 Sep 2021 for £140,500 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Sep 2021, the market for similar properties has risen 8.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Rock Grove, Gateshead within a radius of 450 metres over the last 2 years.
The most recent example is 38, Dean Street, Gateshead, NE9 5XL, a Freehold house which sold for £148,000 in Sep 2023.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rock Grove, Gateshead, NE9 has a total of 11 addresses. According to our analysis of all the public data, 5, Rock Grove, Gateshead is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £43k more expensive than the average property in NE9.
The closest station to 5, Rock Grove, Gateshead is Heworth station which is 3.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, Rock Grove, Gateshead, 33.1% of property is privately owned with a mortgage and 33.1% is privately rented.
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 5, Rock Grove, Gateshead, 5.2% of residents are recorded as possessing school level qualifications and 35.1% 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 5, Rock Grove, Gateshead, the average age was 43.8 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 5, Rock Grove, 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 5, Rock Grove, 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.