According to the public record, 7 Seasons Courtyard, Gateshead is a modern leasehold house with 1,022 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Michaelmas Street, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
7 Seasons Courtyard, Gateshead has a single entry in the Land Registry database from March 2014 and a single entry in the EPC database dated December 2013.
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 7 Seasons Courtyard Gateshead as £214,892 and the rental value as £1,023 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 7 Seasons Courtyard Gateshead has increased by £4,667 (2.2%) and its rental value has increased by £91 per month (8.9%).
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 7 Seasons Courtyard, Gateshead is in very good condition we estimate a sale value of £225,637 and rental value of £1,074 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £199,850 and a rental value of £951 per month.
If you were able to purchase this property for the estimated value of £214,892, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,056 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, 7 Seasons Courtyard, Gateshead was last sold on 28 Mar 2014 for £177,995 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Mar 2014, the market for similar properties has risen 28.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7 Seasons Courtyard, Gateshead within a radius of 640 metres over the last 2 years.
The most recent example is 3 Trinity Courtyard, Michaelmas Street, Gateshead, NE8 2GP, a Leasehold house which sold for £230,000 in Oct 2022.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Michaelmas Street, Gateshead, NE8 has a total of 15 addresses. According to our analysis of all the public data, 7 Seasons Courtyard, Gateshead is the 5th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £82k more expensive than the average property in NE8.
7 Seasons Courtyard, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 Dec 2013.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 7 Seasons Courtyard, Gateshead is Dunston station which is 800 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 7 Seasons Courtyard, Gateshead, 44.9% of property is privately rented and 35.3% 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 7 Seasons Courtyard, Gateshead, 12.6% of residents are recorded as possessing school level qualifications and 67.0% 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 7 Seasons Courtyard, Gateshead, the average age was 38.5 and the most common age was 32.
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 7 Seasons Courtyard, Gateshead, 0.3% 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 7 Seasons Courtyard, Gateshead, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.