According to the public record, 8, Morven Drive, Gateshead is a mid-century house with 592 ft2 of internal area and sits on a 425 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Morven Drive, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
8, Morven Drive, Gateshead has no records in the Land Registry database and a single entry in the EPC database dated May 2015.
We combine this information with public data 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 Morven Drive Gateshead as £144,900 and the rental value as £883 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 8 Morven Drive Gateshead has increased by £6,149 (4.2%) and its rental value has increased by £94 per month (10.7%).
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, Morven Drive, Gateshead is in very good condition we estimate a sale value of £152,145 and rental value of £927 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £134,757 and a rental value of £821 per month.
If you were able to purchase this property for the estimated value of £144,900, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £712 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 data from HM Land Registry, 8, Morven Drive, Gateshead sits on a plot of 425m2.
We have plot size data on 4 out of 6 other houses in the postcode and 8, Morven Drive, Gateshead sits on the largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Morven Drive, Gateshead within a radius of 680 metres over the last 2 years.
The most recent example is 18, Broadwater, Gateshead, NE10 8XS, a Freehold house which sold for £150,000 in Apr 2023.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Morven Drive, Gateshead, NE10 has a total of 23 addresses. According to our analysis of all the public data, 8, Morven Drive, Gateshead is the 21st largest and the 21st most expensive property on the street.
When compared to the postcode district it is £12k less expensive than the average property in NE10.
8, Morven Drive, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 May 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 8, Morven Drive, Gateshead is Heworth station which is 1.3 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, Morven Drive, Gateshead, 61.2% of property is privately owned outright and 25.6% 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, Morven Drive, Gateshead, 11.1% of residents are recorded as possessing school level qualifications and 31.5% 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, Morven Drive, Gateshead, the average age was 39.7 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, Morven Drive, 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, Morven Drive, Gateshead, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.