According to the public record, 7, Olive Gardens, Gateshead is a early-century leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Olive Gardens, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
7, Olive Gardens, Gateshead has 51 entries in the Land Registry database, most recently in October 2023 and a single entry in the EPC database dated February 2019.
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 Olive Gardens Gateshead as £150,538 and the rental value as £829 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 7 Olive Gardens Gateshead has increased by £4,842 (3.2%) and its rental value has increased by £86 per month (10.4%).
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, Olive Gardens, Gateshead is in very good condition we estimate a sale value of £158,065 and rental value of £870 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £140,000 and a rental value of £771 per month.
If you were able to purchase this property for the estimated value of £150,538, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £740 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, Olive Gardens, Gateshead was last sold on 27 Oct 2023 for £133,550 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Oct 2023, the market for similar properties has risen 4.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Olive Gardens, Gateshead within a radius of 520 metres over the last 2 years.
The most recent example is 6, Olive Gardens, Gateshead, NE9 5UN, a Leasehold flat which sold for £142,000 in Oct 2023.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Olive Gardens, Gateshead, NE9 has a total of 22 addresses. According to our analysis of all the public data, 7, Olive Gardens, Gateshead is the 12th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £6k less expensive than the average property in NE9.
7, Olive Gardens, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Feb 2019.
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 7, Olive Gardens, Gateshead is Heworth station which is 2.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Olive Gardens, Gateshead, 31.8% of property is privately rented and 23.8% is privately owned outright.
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, Olive Gardens, Gateshead, 8.1% of residents are recorded as possessing school level qualifications and 39.0% 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, Olive Gardens, 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 7, Olive 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 7, Olive Gardens, Gateshead, there are an average of 0.7 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.