According to the public record, Friarsgarth, Gateshead is a period freehold house with 1,646 ft2 of internal area and sits on a 633 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Nursery Lane, Gateshead, NE10 is located in the borough of Gateshead within the NE10 postal district.
Friarsgarth, Gateshead has 2 entries in the Land Registry database, most recently in March 2020 and a single entry in the EPC database dated July 2019.
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 reasonable condition, we estimate the current sale value for Friarsgarth Gateshead as £238,381 and the rental value as £1,277 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Friarsgarth Gateshead has increased by £3,100 (1.3%) and its rental value has increased by £106 per month (8.3%).
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 Friarsgarth, Gateshead is in very good condition we estimate a sale value of £250,300 and rental value of £1,341 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £221,694 and a rental value of £1,187 per month.
If you were able to purchase this property for the estimated value of £238,381, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,172 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, Friarsgarth, Gateshead sits on a plot of 633m2.
We have plot size data on 20 out of 34 other houses in the postcode and Friarsgarth, Gateshead sits on the largest plot.
According to HM Land Registry, Friarsgarth, Gateshead was last sold on 16 Mar 2020 for £235,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2020, the market for similar properties has risen 15.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Friarsgarth, Gateshead within a radius of 490 metres over the last 2 years.
The most recent example is Lynwood, Nursery Lane, Gateshead, NE10 9TE, a Freehold house which sold for £170,000 in Mar 2019.
Read more about house prices in NE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Nursery Lane, Gateshead, NE10 has a total of 104 addresses. According to our analysis of all the public data, Friarsgarth, Gateshead is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £82k more expensive than the average property in NE10.
Friarsgarth, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Jul 2019.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to Friarsgarth, Gateshead is Heworth station which is 1.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Friarsgarth, Gateshead, 32.4% of property is privately rented and 22.8% 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 Friarsgarth, Gateshead, 19.1% of residents are recorded as possessing school level qualifications and 32.3% 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 Friarsgarth, Gateshead, the average age was 37.2 and the most common age was 7.
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 Friarsgarth, 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 Friarsgarth, 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.