According to the public record, 8, Carnoustie Court, Gateshead is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 558 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Carnoustie Court, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
8, Carnoustie Court, Gateshead has a single entry in the Land Registry database from October 2022 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 8 Carnoustie Court Gateshead as £83,086 and the rental value as £627 per month giving an expected gross yield of 9.1%.
Over the last 12 months the sale value of 8 Carnoustie Court Gateshead has increased by £2,142 (2.6%) and its rental value has increased by £59 per month (9.5%).
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, Carnoustie Court, Gateshead is in very good condition we estimate a sale value of £87,241 and rental value of £658 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £77,270 and a rental value of £583 per month.
If you were able to purchase this property for the estimated value of £83,086, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £408 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, Carnoustie Court, Gateshead was last sold on 31 Oct 2022 for £60,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2022, the market for similar properties has risen 3.0%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 8, Carnoustie Court, Gateshead within a radius of 670 metres over the last 2 years.
The most recent example is 9, Bradbury Close, Gateshead, NE10 8UF, a Leasehold flat which sold for £47,000 in Aug 2014.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Carnoustie Court, Gateshead, NE10 has a total of 8 addresses. According to our analysis of all the public data, 8, Carnoustie Court, Gateshead is the 8th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £73k less expensive than the average property in NE10.
The closest station to 8, Carnoustie Court, Gateshead is Heworth station which is 1.7 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Carnoustie Court, Gateshead, 35.5% of property is socially rented and 27.9% is privately owned outright.
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, Carnoustie Court, Gateshead, 17.9% of residents are recorded as possessing school level qualifications and 15.5% 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, Carnoustie Court, Gateshead, the average age was 41.4 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 8, Carnoustie Court, 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 8, Carnoustie Court, 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.