According to the public record, 6, Rock Grove, Gateshead is a period leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Rock Grove, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
6, Rock Grove, Gateshead has 41 entries in the Land Registry database, most recently in September 2021 and a single entry in the EPC database dated May 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 Rock Grove Gateshead as £139,413 and the rental value as £810 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 6 Rock Grove Gateshead has increased by £4,445 (3.2%) and its rental value has increased by £83 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, Rock Grove, Gateshead is in very good condition we estimate a sale value of £146,383 and rental value of £851 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £129,654 and a rental value of £753 per month.
If you were able to purchase this property for the estimated value of £139,413, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £685 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, 6, Rock Grove, Gateshead was last sold on 06 Sep 2021 for £140,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Sep 2021, the market for similar properties has risen 10.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, Rock Grove, Gateshead within a radius of 450 metres over the last 2 years.
The most recent example is 1, Rock Grove, Gateshead, NE9 5EP, a Leasehold flat which sold for £113,000 in Mar 2021.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rock Grove, Gateshead, NE9 has a total of 11 addresses. According to our analysis of all the public data, 6, Rock Grove, Gateshead is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £17k less expensive than the average property in NE9.
6, Rock Grove, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 May 2021.
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 6, Rock Grove, Gateshead is Heworth station which is 3.2 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, Rock Grove, Gateshead, 33.1% of property is privately owned with a mortgage and 33.1% is privately rented.
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, Rock Grove, Gateshead, 5.2% of residents are recorded as possessing school level qualifications and 35.1% 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 6, Rock Grove, Gateshead, the average age was 43.8 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, Rock Grove, 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, Rock Grove, 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.