According to the public record, 6, Lanercost Gardens, Gateshead is a mid-century leasehold house with 968 ft2 of internal area and sits on a 616 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lanercost Gardens, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
6, Lanercost Gardens, Gateshead has a single entry in the Land Registry database from September 2021 and a single entry in the EPC database dated February 2021.
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 6 Lanercost Gardens Gateshead as £168,173 and the rental value as £1,005 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 6 Lanercost Gardens Gateshead has increased by £5,207 (3.1%) and its rental value has increased by £104 per month (10.3%).
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 6, Lanercost Gardens, Gateshead is in very good condition we estimate a sale value of £176,581 and rental value of £1,055 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £156,401 and a rental value of £935 per month.
If you were able to purchase this property for the estimated value of £168,173, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £827 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, 6, Lanercost Gardens, Gateshead sits on a plot of 616m2.
We have plot size data on 9 out of 9 other houses in the postcode and 6, Lanercost Gardens, Gateshead sits on the largest plot.
According to HM Land Registry, 6, Lanercost Gardens, Gateshead was last sold on 07 Sep 2021 for £153,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Sep 2021, the market for similar properties has risen 9.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, Lanercost Gardens, Gateshead within a radius of 550 metres over the last 2 years.
The most recent example is 100, Windy Nook Road, Gateshead, NE10 9RH, a Freehold house which sold for £140,500 in Nov 2022.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lanercost Gardens, Gateshead, NE10 has a total of 9 addresses. According to our analysis of all the public data, 6, Lanercost Gardens, Gateshead is the largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £12k more expensive than the average property in NE10.
6, Lanercost Gardens, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Feb 2021.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 6, Lanercost Gardens, Gateshead is Heworth station which is 1.8 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 6, Lanercost Gardens, Gateshead, 43.8% 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 6, Lanercost Gardens, Gateshead, 15.8% of residents are recorded as possessing school level qualifications and 18.6% 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 6, Lanercost Gardens, Gateshead, the average age was 43.7 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 6, Lanercost 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 6, Lanercost 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.