According to the public record, 63, Ovett Gardens, Gateshead is a modern leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Ovett Gardens, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
63, Ovett Gardens, Gateshead has a single entry in the Land Registry database from September 2006 and a single entry in the EPC database dated November 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 63 Ovett Gardens Gateshead as £95,875 and the rental value as £703 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of 63 Ovett Gardens Gateshead has increased by £3,026 (3.2%) and its rental value has increased by £69 per month (9.8%).
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 63, Ovett Gardens, Gateshead is in very good condition we estimate a sale value of £100,669 and rental value of £738 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £89,164 and a rental value of £653 per month.
If you were able to purchase this property for the estimated value of £95,875, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £471 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, 63, Ovett Gardens, Gateshead was last sold on 22 Sep 2006 for £124,950 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 63, Ovett Gardens, Gateshead within a radius of 520 metres over the last 2 years.
The most recent example is 5, Sanderson Villas, Gateshead, NE8 3BU, a Leasehold flat which sold for £105,000 in Oct 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ovett Gardens, Gateshead, NE8 has a total of 66 addresses. According to our analysis of all the public data, 63, Ovett Gardens, Gateshead is the 46th largest and the 46th most expensive property on the street.
When compared to the postcode district it is £37k less expensive than the average property in NE8.
63, Ovett Gardens, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Nov 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 63, Ovett Gardens, Gateshead is Manors station which is 2.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 63, Ovett Gardens, Gateshead, 46.9% of property is privately rented and 35.7% 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 63, Ovett Gardens, Gateshead, 21.7% of residents are recorded as possessing school level qualifications and 61.3% 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 63, Ovett Gardens, 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 63, Ovett 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 63, Ovett Gardens, 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.