According to the public record, 7, Valley Drive, Gateshead is a early-century freehold house with 1,839 ft2 of internal area and sits on a 417 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Valley Drive, Low Fell, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
7, Valley Drive, Gateshead has a single entry in the Land Registry database from August 2009 and a single entry in the EPC database dated November 2008.
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 Valley Drive Gateshead as £503,056 and the rental value as £2,198 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 7 Valley Drive Gateshead has increased by £7,283 (1.4%) and its rental value has increased by £179 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, Valley Drive, Gateshead is in very good condition we estimate a sale value of £528,209 and rental value of £2,308 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £467,842 and a rental value of £2,044 per month.
If you were able to purchase this property for the estimated value of £503,056, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,472 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, Valley Drive, Gateshead sits on a plot of 417m2.
We have plot size data on 5 out of 8 other houses in the postcode and 7, Valley Drive, Gateshead sits on the 3rd largest plot.
According to HM Land Registry, 7, Valley Drive, Gateshead was last sold on 13 Aug 2009 for £205,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2009, the market for similar properties has risen 31.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Valley Drive, Gateshead within a radius of 530 metres over the last 2 years.
The most recent example is 6, Westover Gardens, Gateshead, NE9 5DN, a Freehold house which sold for £500,000 in Jun 2021.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Valley Drive, Low Fell, Gateshead, NE9 has a total of 58 addresses. According to our analysis of all the public data, 7, Valley Drive, Gateshead is the 10th largest and the 21st most expensive property on the street.
When compared to the postcode district it is £347k more expensive than the average property in NE9.
7, Valley Drive, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Nov 2008.
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, Valley Drive, Gateshead is Heworth station which is 2.8 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Valley Drive, Gateshead, 64.4% of property is privately owned outright and 26.0% 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, Valley Drive, Gateshead, 16.6% of residents are recorded as possessing school level qualifications and 41.4% 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, Valley Drive, 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, Valley Drive, Gateshead, 2.7% 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, Valley Drive, 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.