According to the public record, 7, Wingate Gardens, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 685 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Wingate Gardens, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
7, Wingate Gardens, Gateshead has a single entry in the Land Registry database from August 2023 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 7 Wingate Gardens Gateshead as £87,221 and the rental value as £597 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 7 Wingate Gardens Gateshead has increased by £2,931 (3.4%) and its rental value has increased by £63 per month (10.6%).
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, Wingate Gardens, Gateshead is in very good condition we estimate a sale value of £91,582 and rental value of £627 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £81,116 and a rental value of £555 per month.
If you were able to purchase this property for the estimated value of £87,221, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £429 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, Wingate Gardens, Gateshead was last sold on 02 Aug 2023 for £47,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2023, the market for similar properties has risen 3.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Wingate Gardens, Gateshead within a radius of 670 metres over the last 2 years.
The most recent example is 2, Ryhope Gardens, Gateshead, NE9 7DB, a Freehold house which sold for £90,000 in Mar 2018.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wingate Gardens, Gateshead, NE9 has a total of 20 addresses. According to our analysis of all the public data, 7, Wingate Gardens, Gateshead is the 20th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £69k less expensive than the average property in NE9.
The closest station to 7, Wingate Gardens, Gateshead is Heworth station which is 2.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Wingate Gardens, Gateshead, 48.8% of property is socially rented and 24.4% 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, Wingate Gardens, Gateshead, 19.9% of residents are recorded as possessing school level qualifications and 15.0% 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, Wingate Gardens, Gateshead, the average age was 39.6 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, Wingate 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, Wingate Gardens, 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.