According to the public record, 55, Foster Drive, Gateshead is a modern freehold house with 1,334 ft2 of internal area and sits on a 173 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Foster Drive, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
55, Foster Drive, Gateshead has 31 entries in the Land Registry database, most recently in March 2013 and a single entry in the EPC database dated June 2022.
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 55 Foster Drive Gateshead as £241,963 and the rental value as £1,037 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 55 Foster Drive Gateshead has increased by £3,994 (1.7%) and its rental value has increased by £85 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 55, Foster Drive, Gateshead is in very good condition we estimate a sale value of £254,062 and rental value of £1,089 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £225,026 and a rental value of £965 per month.
If you were able to purchase this property for the estimated value of £241,963, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,189 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, 55, Foster Drive, Gateshead sits on a plot of 173m2.
We have plot size data on 19 out of 21 other houses in the postcode and 55, Foster Drive, Gateshead sits on the 9th largest plot.
According to HM Land Registry, 55, Foster Drive, Gateshead was last sold on 04 Mar 2013 for £160,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Mar 2013, the market for similar properties has risen 29.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55, Foster Drive, Gateshead within a radius of 610 metres over the last 2 years.
The most recent example is 24, Foster Drive, Gateshead, NE8 3JG, a Freehold house which sold for £210,000 in Dec 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Foster Drive, Gateshead, NE8 has a total of 104 addresses. According to our analysis of all the public data, 55, Foster Drive, Gateshead is the 7th largest and the most expensive property on the street.
When compared to the postcode district it is £109k more expensive than the average property in NE8.
55, Foster Drive, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Jun 2022.
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 55, Foster Drive, Gateshead is Manors station which is 1.9 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 55, Foster Drive, Gateshead, 55.9% of property is privately rented and 31.4% 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 55, Foster Drive, Gateshead, 20.3% of residents are recorded as possessing school level qualifications and 55.3% 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 55, Foster Drive, 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 55, Foster Drive, 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 55, Foster Drive, Gateshead, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.