According to the public record, 54, Penrith Gardens, Gateshead is a mid-century freehold house with 1,184 ft2 of internal area and sits on a 238 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Penrith Gardens, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
54, Penrith Gardens, Gateshead has 21 entries in the Land Registry database, most recently in November 2019 and a single entry in the EPC database dated July 2019.
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 54 Penrith Gardens Gateshead as £178,234 and the rental value as £1,048 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 54 Penrith Gardens Gateshead has increased by £3,611 (2.0%) and its rental value has increased by £96 per month (9.2%).
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 54, Penrith Gardens, Gateshead is in very good condition we estimate a sale value of £187,146 and rental value of £1,100 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £165,757 and a rental value of £975 per month.
If you were able to purchase this property for the estimated value of £178,234, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £876 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 data from HM Land Registry, 54, Penrith Gardens, Gateshead sits on a plot of 238m2.
We have plot size data on 15 out of 43 other houses in the postcode and 54, Penrith Gardens, Gateshead sits on the 8th largest plot.
According to HM Land Registry, 54, Penrith Gardens, Gateshead was last sold on 13 Nov 2019 for £135,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Nov 2019, the market for similar properties has risen 17.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 54, Penrith Gardens, Gateshead within a radius of 530 metres over the last 2 years.
The most recent example is 6, Wythburn Place, Gateshead, NE9 6YT, a Freehold house which sold for £147,500 in Nov 2021.
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, 54, Penrith Gardens, Gateshead is the 9th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £22k more expensive than the average property in NE9.
54, Penrith Gardens, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Jul 2019.
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 54, Penrith Gardens, Gateshead is Heworth station which is 2.7 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 54, 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 54, 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 54, 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 54, 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 54, 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.