According to the public record, 53, Penrith Gardens, Gateshead is a mid-century leasehold apartment with 979 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Penrith Gardens, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
53, Penrith Gardens, Gateshead has 2 entries in the Land Registry database, most recently in June 2009 and a single entry in the EPC database dated May 2012.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 53 Penrith Gardens Gateshead as £76,466 and the rental value as £561 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of 53 Penrith Gardens Gateshead has increased by £1,835 (2.4%) and its rental value has increased by £54 per month (9.6%).
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 53, Penrith Gardens, Gateshead is in very good condition we estimate a sale value of £80,289 and rental value of £589 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £71,113 and a rental value of £521 per month.
If you were able to purchase this property for the estimated value of £76,466, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £376 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, 53, Penrith Gardens, Gateshead was last sold on 12 Jun 2009 for £65,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2009, the market for similar properties has risen 11.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 53, Penrith Gardens, Gateshead within a radius of 530 metres over the last 2 years.
The most recent example is 35, Penrith Gardens, Gateshead, NE9 6YN, a Leasehold flat which sold for £70,000 in Jul 2023.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Penrith Gardens, Gateshead, NE9 has a total of 53 addresses. According to our analysis of all the public data, 53, Penrith Gardens, Gateshead is the 24th largest and the 45th most expensive property on the street.
When compared to the postcode district it is £80k less expensive than the average property in NE9.
53, Penrith Gardens, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 May 2012.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 53, Penrith Gardens, Gateshead is Heworth station which is 2.7 kilometres 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 53, Penrith Gardens, Gateshead, 44.4% of property is socially rented and 22.6% is privately owned outright.
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 53, Penrith Gardens, Gateshead, 22.6% of residents are recorded as possessing school level qualifications and 18.7% 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 53, Penrith Gardens, Gateshead, the average age was 39.6 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 53, Penrith 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 53, Penrith Gardens, 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.