According to the public record, 7, Bishops Park Road, Gateshead is a modern freehold house with 1,194 ft2 of internal area and sits on a 140 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Bishops Park Road, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
7, Bishops Park Road, Gateshead has a single entry in the Land Registry database from April 2015 and a single entry in the EPC database dated April 2015.
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 Bishops Park Road Gateshead as £190,932 and the rental value as £1,037 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 7 Bishops Park Road Gateshead has increased by £3,151 (1.7%) and its rental value has increased by £85 per month (8.2%).
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, Bishops Park Road, Gateshead is in very good condition we estimate a sale value of £200,478 and rental value of £1,089 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £177,566 and a rental value of £964 per month.
If you were able to purchase this property for the estimated value of £190,932, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £938 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, 7, Bishops Park Road, Gateshead sits on a plot of 140m2.
We have plot size data on 54 out of 55 other houses in the postcode and 7, Bishops Park Road, Gateshead sits on the 17th largest plot.
According to HM Land Registry, 7, Bishops Park Road, Gateshead was last sold on 24 Apr 2015 for £165,250 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2015, the market for similar properties has risen 21.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Bishops Park Road, Gateshead within a radius of 450 metres over the last 2 years.
The most recent example is 29, Bishops Park Road, Gateshead, NE8 3FF, a Leasehold house which sold for £190,000 in Nov 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bishops Park Road, Gateshead, NE8 has a total of 56 addresses. According to our analysis of all the public data, 7, Bishops Park Road, Gateshead is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £58k more expensive than the average property in NE8.
7, Bishops Park Road, Gateshead has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 15 Apr 2015.
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, Bishops Park Road, Gateshead is Heworth station which is 1.8 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Bishops Park Road, Gateshead, 48.3% of property is privately owned with a mortgage and 43.2% 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 7, Bishops Park Road, Gateshead, 15.1% of residents are recorded as possessing school level qualifications and 70.3% 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 7, Bishops Park Road, 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 7, Bishops Park Road, Gateshead, 0.4% 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, Bishops Park Road, 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.