According to the public record, 78, Oak Avenue, Gateshead is a mid-century leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Oak Avenue, Gateshead, NE11 is located in the borough of Gateshead within the NE11 postal district.
78, Oak Avenue, Gateshead has a single entry in the Land Registry database from October 2017 and a single entry in the EPC database dated December 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 78 Oak Avenue Gateshead as £73,363 and the rental value as £572 per month giving an expected gross yield of 9.4%.
Over the last 12 months the sale value of 78 Oak Avenue Gateshead has increased by £1,688 (2.3%) and its rental value has increased by £56 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 78, Oak Avenue, Gateshead is in very good condition we estimate a sale value of £77,031 and rental value of £601 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £68,228 and a rental value of £532 per month.
If you were able to purchase this property for the estimated value of £73,363, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £361 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, 78, Oak Avenue, Gateshead was last sold on 06 Oct 2017 for £54,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2017, the market for similar properties has risen 14.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 78, Oak Avenue, Gateshead within a radius of 480 metres over the last 2 years.
The most recent example is 38, Oak Avenue, Gateshead, NE11 9UQ, a Leasehold flat which sold for £75,000 in Nov 2022.
Read more about house prices in NE11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oak Avenue, Gateshead, NE11 has a total of 82 addresses. According to our analysis of all the public data, 78, Oak Avenue, Gateshead is the 81st largest and the 82nd most expensive property on the street.
When compared to the postcode district it is £59k less expensive than the average property in NE11.
78, Oak Avenue, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Dec 2015.
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 78, Oak Avenue, Gateshead is Dunston station which is 400 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 78, Oak Avenue, Gateshead, 40.0% of property is socially rented and 29.1% 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 78, Oak Avenue, Gateshead, 16.1% of residents are recorded as possessing school level qualifications and 15.2% 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 78, Oak Avenue, Gateshead, the average age was 43.4 and the most common age was 52.
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 78, Oak Avenue, 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 78, Oak Avenue, Gateshead, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.