According to the public record, 8, Park Avenue, Gateshead is a mid-century freehold house with 1,227 ft2 of internal area and sits on a 512 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Park Avenue, Gateshead, NE11 is located in the borough of Gateshead within the NE11 postal district.
8, Park Avenue, Gateshead has a single entry in the Land Registry database from September 2017 and a single entry in the EPC database dated August 2017.
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 Park Avenue Gateshead as £344,755 and the rental value as £1,503 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 8 Park Avenue Gateshead has increased by £1,960 (0.6%) and its rental value has increased by £121 per month (8.1%).
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, Park Avenue, Gateshead is in very good condition we estimate a sale value of £361,992 and rental value of £1,578 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £320,622 and a rental value of £1,398 per month.
If you were able to purchase this property for the estimated value of £344,755, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,694 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, Park Avenue, Gateshead sits on a plot of 512m2.
We have plot size data on 13 out of 23 other houses in the postcode and 8, Park Avenue, Gateshead sits on the 10th largest plot.
According to HM Land Registry, 8, Park Avenue, Gateshead was last sold on 29 Sep 2017 for £265,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2017, the market for similar properties has risen 20.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Park Avenue, Gateshead within a radius of 740 metres over the last 2 years.
The most recent example is 11, Park Avenue, Gateshead, NE11 9QE, a Freehold house which sold for £315,000 in May 2021.
Read more about house prices in NE11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Avenue, Gateshead, NE11 has a total of 23 addresses. According to our analysis of all the public data, 8, Park Avenue, Gateshead is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £212k more expensive than the average property in NE11.
8, Park Avenue, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Aug 2017.
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, Park Avenue, Gateshead is Dunston station which is 900 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Park Avenue, Gateshead, 59.4% of property is privately owned outright and 32.9% 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, Park Avenue, Gateshead, 13.2% of residents are recorded as possessing school level qualifications and 29.2% 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 8, Park 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 8, Park Avenue, Gateshead, 3.2% 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, Park Avenue, Gateshead, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.