According to the public record, 9, Redgrave Close, Gateshead is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 742 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Redgrave Close, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
9, Redgrave Close, Gateshead has 31 entries in the Land Registry database, most recently in November 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 9 Redgrave Close Gateshead as £104,682 and the rental value as £759 per month giving an expected gross yield of 8.7%.
Over the last 12 months the sale value of 9 Redgrave Close Gateshead has increased by £3,369 (3.2%) and its rental value has increased by £75 per month (9.9%).
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 9, Redgrave Close, Gateshead is in very good condition we estimate a sale value of £109,916 and rental value of £797 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £97,354 and a rental value of £706 per month.
If you were able to purchase this property for the estimated value of £104,682, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £514 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, 9, Redgrave Close, Gateshead was last sold on 02 Nov 2007 for £119,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Nov 2007, the market for similar properties has dropped 7.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 9, Redgrave Close, Gateshead within a radius of 680 metres over the last 2 years.
The most recent example is 38, Foster Drive, Gateshead, NE8 3JG, a Leasehold flat which sold for £95,000 in Oct 2023.
Read more about house prices in NE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Redgrave Close, Gateshead, NE8 has a total of 153 addresses. According to our analysis of all the public data, 9, Redgrave Close, Gateshead is the 54th largest and the 57th most expensive property on the street.
When compared to the postcode district it is £28k less expensive than the average property in NE8.
The closest station to 9, Redgrave Close, Gateshead is Manors station which is 1.8 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 9, Redgrave Close, Gateshead, 53.0% of property is privately rented and 36.0% 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 9, Redgrave Close, Gateshead, 21.4% of residents are recorded as possessing school level qualifications and 64.1% 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 9, Redgrave Close, Gateshead, the average age was 35.8 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 9, Redgrave Close, Gateshead, 0.5% 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 9, Redgrave Close, 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.