According to the public record, 56, Oakfield Road, Gateshead is a mid-century freehold house with 871 ft2 of internal area and sits on a 291 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Oakfield Road, Gateshead, NE11 is located in the borough of Gateshead within the NE11 postal district.
56, Oakfield Road, Gateshead has a single entry in the Land Registry database from July 2016 and a single entry in the EPC database dated March 2017.
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 56 Oakfield Road Gateshead as £199,114 and the rental value as £1,021 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 56 Oakfield Road Gateshead has increased by £5,305 (2.7%) and its rental value has increased by £99 per month (9.7%).
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 56, Oakfield Road, Gateshead is in very good condition we estimate a sale value of £209,070 and rental value of £1,072 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £185,176 and a rental value of £950 per month.
If you were able to purchase this property for the estimated value of £199,114, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £979 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, 56, Oakfield Road, Gateshead sits on a plot of 291m2.
We have plot size data on 11 out of 25 other houses in the postcode and 56, Oakfield Road, Gateshead sits on the 7th largest plot.
According to HM Land Registry, 56, Oakfield Road, Gateshead was last sold on 01 Jul 2016 for £175,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2016, the market for similar properties has risen 26.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Oakfield Road, Gateshead within a radius of 560 metres over the last 2 years.
The most recent example is 92, Oakfield Road, Gateshead, NE11 0AE, a Freehold house which sold for £190,000 in Jan 2023.
Read more about house prices in NE11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oakfield Road, Gateshead, NE11 has a total of 102 addresses. According to our analysis of all the public data, 56, Oakfield Road, Gateshead is the 60th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £66k more expensive than the average property in NE11.
56, Oakfield Road, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Mar 2017.
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 56, Oakfield Road, Gateshead is Dunston station which is 1.1 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 56, Oakfield Road, Gateshead, 39.7% of property is privately owned outright and 29.8% 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 56, Oakfield Road, Gateshead, 15.8% of residents are recorded as possessing school level qualifications and 23.1% 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 56, Oakfield Road, Gateshead, the average age was 43.3 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 56, Oakfield Road, Gateshead, 0.8% 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 56, Oakfield Road, 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.