According to the public record, 7, Redgrave Close, Gateshead is a modern apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Redgrave Close, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
7, Redgrave Close, Gateshead has no recent1 records in the Land Registry database and a single entry in the EPC database dated August 2021.
We combine this information with public data 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 Redgrave Close Gateshead as £90,569 and the rental value as £674 per month giving an expected gross yield of 8.9%.
Over the last 12 months the sale value of 7 Redgrave Close Gateshead has increased by £2,858 (3.2%) and its rental value has increased by £66 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, Redgrave Close, Gateshead is in very good condition we estimate a sale value of £95,097 and rental value of £708 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £84,229 and a rental value of £627 per month.
If you were able to purchase this property for the estimated value of £90,569, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £445 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, Redgrave Close, Gateshead was last sold on 27 Jun 2002 for £72,450 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 7, Redgrave Close, Gateshead within a radius of 680 metres over the last 2 years.
The most recent example is 45, Redgrave Close, Gateshead, NE8 3JD, a Leasehold flat which sold for £70,000 in Feb 2024.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Redgrave Close, Gateshead, NE8 has a total of 153 addresses. According to our analysis of all the public data, 7, Redgrave Close, Gateshead is the 144th largest and the 147th most expensive property on the street.
When compared to the postcode district it is £42k less expensive than the average property in NE8.
7, Redgrave Close, Gateshead has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Aug 2021.
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, Redgrave Close, Gateshead is Manors station which is 1.8 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Redgrave Close, Gateshead, 53.0% of property is privately rented and 36.0% 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, Redgrave Close, Gateshead, 21.4% of residents are recorded as possessing school level qualifications and 64.1% 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, Redgrave Close, 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, Redgrave Close, Gateshead, 0.5% 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, Redgrave Close, Gateshead, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.