According to the public record, 8 High Fell Court Apartments, Gateshead is a modern leasehold apartment with 1,162 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in High Fell Court Apartments, Old Durham Road, Gateshead, NE9.
Old Durham Road, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
8 High Fell Court Apartments, Gateshead has a single entry in the Land Registry database from December 2017 and a single entry in the EPC database dated November 2016.
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 8 High Fell Court Apartments Gateshead as £194,835 and the rental value as £1,027 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 8 High Fell Court Apartments Gateshead has increased by £5,873 (3.0%) and its rental value has increased by £104 per month (10.2%).
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 8 High Fell Court Apartments, Gateshead is in very good condition we estimate a sale value of £204,577 and rental value of £1,078 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £181,196 and a rental value of £955 per month.
If you were able to purchase this property for the estimated value of £194,835, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £958 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 High Fell Court Apartments, Gateshead was last sold on 06 Dec 2017 for £166,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2017, the market for similar properties has risen 10.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8 High Fell Court Apartments, Gateshead within a radius of 480 metres over the last 2 years.
The most recent example is 1 High Fell Court Apartments, Old Durham Road, Gateshead, NE9 5JN, a Leasehold flat which sold for £169,995 in Jul 2017.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Old Durham Road, Gateshead, NE9 has a total of 102 addresses. According to our analysis of all the public data, 8 High Fell Court Apartments, Gateshead is the 20th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £38k more expensive than the average property in NE9.
8 High Fell Court Apartments, Gateshead has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 17 Nov 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, radiators, electric.
The closest station to 8 High Fell Court Apartments, Gateshead is Heworth station which is 2.3 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 8 High Fell Court Apartments, Gateshead, 61.0% of property is socially rented and 19.5% 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 High Fell Court Apartments, Gateshead, 23.7% of residents are recorded as possessing school level qualifications and 20.0% 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 8 High Fell Court Apartments, Gateshead, the average age was 37.2 and the most common age was 7.
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 High Fell Court Apartments, 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 High Fell Court Apartments, Gateshead, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.