According to the public record, 8, Bayfield Gardens, Gateshead is a period leasehold apartment with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Bayfield Gardens, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
8, Bayfield Gardens, Gateshead has a single entry in the Land Registry database from August 2023 and a single entry in the EPC database dated June 2023.
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 8 Bayfield Gardens Gateshead as £62,635 and the rental value as £481 per month giving an expected gross yield of 9.2%.
Over the last 12 months the sale value of 8 Bayfield Gardens Gateshead has increased by £1,904 (3.0%) and its rental value has increased by £47 per month (9.9%).
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 8, Bayfield Gardens, Gateshead is in very good condition we estimate a sale value of £65,767 and rental value of £505 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £58,251 and a rental value of £447 per month.
If you were able to purchase this property for the estimated value of £62,635, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £308 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, 8, Bayfield Gardens, Gateshead was last sold on 10 Aug 2023 for £60,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2023, the market for similar properties has risen 3.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Bayfield Gardens, Gateshead within a radius of 470 metres over the last 2 years.
The most recent example is 108, Howe Street, Gateshead, NE8 3PP, a Leasehold flat which sold for £66,000 in Mar 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bayfield Gardens, Gateshead, NE8 has a total of 20 addresses. According to our analysis of all the public data, 8, Bayfield Gardens, Gateshead is the 3rd largest and the 16th most expensive property on the street.
When compared to the postcode district it is £70k less expensive than the average property in NE8.
8, Bayfield Gardens, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Jun 2023.
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 8, Bayfield Gardens, Gateshead is Heworth station which is 2.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Bayfield Gardens, Gateshead, 62.8% of property is privately rented and 15.0% 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 8, Bayfield Gardens, Gateshead, 17.7% of residents are recorded as possessing school level qualifications and 29.1% 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 8, Bayfield Gardens, 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 8, Bayfield 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 8, Bayfield Gardens, Gateshead, there are an average of 0.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.