According to the public record, 50 Marmion Court, Gateshead is a modern leasehold apartment with 344 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
The apartment is in Marmion Court, Worsdell Drive, Gateshead, NE8.
Worsdell Drive, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
50 Marmion Court, Gateshead has a single entry in the Land Registry database from January 2013 and a single entry in the EPC database dated January 2024.
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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 50 Marmion Court Gateshead as £104,940 and the rental value as £595 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 50 Marmion Court Gateshead has increased by £2,468 (2.4%) and its rental value has increased by £53 per month (9.0%).
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 50 Marmion Court, Gateshead is in very good condition we estimate a sale value of £110,187 and rental value of £625 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £97,594 and a rental value of £554 per month.
If you were able to purchase this property for the estimated value of £104,940, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £516 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, 50 Marmion Court, Gateshead was last sold on 31 Jan 2013 for £74,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2013, the market for similar properties has risen 13.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 50 Marmion Court, Gateshead within a radius of 510 metres over the last 2 years.
The most recent example is 39 Marmion Court, Worsdell Drive, Gateshead, NE8 2EY, a Leasehold flat which sold for £113,000 in Dec 2022.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Worsdell Drive, Gateshead, NE8 has a total of 557 addresses. According to our analysis of all the public data, 50 Marmion Court, Gateshead is the 532nd largest and the 529th most expensive property on the street.
When compared to the postcode district it is £28k less expensive than the average property in NE8.
50 Marmion Court, Gateshead has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Jan 2024.
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 50 Marmion Court, Gateshead is Newcastle station which is 700 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 50 Marmion 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 50 Marmion 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 50 Marmion 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 50 Marmion 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 50 Marmion 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.