According to the public record, 8, Patterdale Terrace, Gateshead is a period leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Patterdale Terrace, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
8, Patterdale Terrace, Gateshead has a single entry in the Land Registry database from February 2019 and a single entry in the EPC database dated January 2014.
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 Patterdale Terrace Gateshead as £114,168 and the rental value as £868 per month giving an expected gross yield of 9.1%.
Over the last 12 months the sale value of 8 Patterdale Terrace Gateshead has increased by £3,748 (3.3%) and its rental value has increased by £87 per month (10.0%).
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 Terrace, Gateshead is in very good condition we estimate a sale value of £119,877 and rental value of £912 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £106,177 and a rental value of £808 per month.
If you were able to purchase this property for the estimated value of £114,168, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £561 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, Patterdale Terrace, Gateshead was last sold on 01 Feb 2019 for £95,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2019, the market for similar properties has risen 14.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Patterdale Terrace, Gateshead within a radius of 390 metres over the last 2 years.
The most recent example is 42, Silverdale Terrace, Gateshead, NE8 4JL, a Leasehold flat which sold for £95,000 in May 2024.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Patterdale Terrace, Gateshead, NE8 has a total of 32 addresses. According to our analysis of all the public data, 8, Patterdale Terrace, Gateshead is the 28th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £19k less expensive than the average property in NE8.
8, Patterdale Terrace, Gateshead has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 15 Jan 2014.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 8, Patterdale Terrace, Gateshead is Newcastle station which is 2.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Patterdale Terrace, Gateshead, 41.3% of property is privately rented and 25.2% 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 Terrace, Gateshead, 17.3% of residents are recorded as possessing school level qualifications and 41.3% 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 Terrace, Gateshead, the average age was 35.8 and the most common age was 32.
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 Terrace, 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, Patterdale Terrace, Gateshead, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.