According to the public record, 8, Patterdale Place, Gateshead is a modern freehold house with 861 ft2 of internal area and sits on a 219 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Patterdale Place, Gateshead, NE9 is located in the borough of Gateshead within the NE9 postal district.
8, Patterdale Place, Gateshead has a single entry in the Land Registry database from September 2020 and a single entry in the EPC database dated June 2020.
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 good condition, we estimate the current sale value for 8 Patterdale Place Gateshead as £190,711 and the rental value as £1,087 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 8 Patterdale Place Gateshead has increased by £5,776 (3.0%) and its rental value has increased by £111 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, Patterdale Place, Gateshead is in very good condition we estimate a sale value of £200,246 and rental value of £1,141 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £177,361 and a rental value of £1,011 per month.
If you were able to purchase this property for the estimated value of £190,711, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £937 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, Patterdale Place, Gateshead sits on a plot of 219m2.
We have plot size data on 8 out of 8 other houses in the postcode and 8, Patterdale Place, Gateshead sits on the 3rd largest plot.
According to HM Land Registry, 8, Patterdale Place, Gateshead was last sold on 02 Sep 2020 for £184,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2020, the market for similar properties has risen 12.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Patterdale Place, Gateshead within a radius of 510 metres over the last 2 years.
The most recent example is 17, Glenridding Close, Gateshead, NE9 6BF, a Freehold house which sold for £210,000 in Nov 2022.
Read more about house prices in NE9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Patterdale Place, Gateshead, NE9 has a total of 8 addresses. According to our analysis of all the public data, 8, Patterdale Place, Gateshead is the 2nd largest and the most expensive property on the street.
When compared to the postcode district it is £34k more expensive than the average property in NE9.
8, Patterdale Place, Gateshead has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 Jun 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 8, Patterdale Place, Gateshead is Heworth station which is 2.9 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, Patterdale Place, Gateshead, 42.7% of property is socially rented and 28.1% 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, Patterdale Place, Gateshead, 21.4% of residents are recorded as possessing school level qualifications and 22.5% 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, Patterdale Place, Gateshead, the average age was 39.6 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, Patterdale Place, Gateshead, 1.1% 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, Patterdale Place, 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.