According to the public record, 7, Jedburgh Close, Gateshead is a mid-century leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Jedburgh Close, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
7, Jedburgh Close, Gateshead has 31 entries in the Land Registry database, most recently in January 2022 and a single entry in the EPC database dated April 2012.
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 Jedburgh Close Gateshead as £65,850 and the rental value as £514 per month giving an expected gross yield of 9.4%.
Over the last 12 months the sale value of 7 Jedburgh Close Gateshead has increased by £2,009 (3.1%) and its rental value has increased by £50 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 7, Jedburgh Close, Gateshead is in very good condition we estimate a sale value of £69,142 and rental value of £540 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £61,240 and a rental value of £478 per month.
If you were able to purchase this property for the estimated value of £65,850, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £324 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, Jedburgh Close, Gateshead was last sold on 26 Jan 2022 for £60,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jan 2022, the market for similar properties has risen 8.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Jedburgh Close, Gateshead within a radius of 470 metres over the last 2 years.
The most recent example is 20, Ripon Street, Gateshead, NE8 4EP, a Leasehold flat which sold for £70,000 in Mar 2024.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Jedburgh Close, Gateshead, NE8 has a total of 17 addresses. According to our analysis of all the public data, 7, Jedburgh Close, Gateshead is the 15th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £67k less expensive than the average property in NE8.
7, Jedburgh Close, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Apr 2012.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 7, Jedburgh Close, Gateshead is Newcastle station which is 2.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Jedburgh Close, Gateshead, 31.4% of property is socially rented and 31.4% 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, Jedburgh Close, Gateshead, 18.1% of residents are recorded as possessing school level qualifications and 30.8% 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, Jedburgh Close, Gateshead, the average age was 38.5 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, Jedburgh Close, 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, Jedburgh Close, Gateshead, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.