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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 1, Rennison Close, Gateshead is a modern freehold house with 979 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 1, Rennison Close, Gateshead is £237,888 and the estimated rental value is £1,634 per month.
Rennison Close, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
1, Rennison Close, Gateshead has a single entry in the Land Registry from November 2024 and a single entry in the EPC database dated December 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
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 1, Rennison Close, Gateshead is in very good condition we estimate a sale value of £249,783 and a rental value of £1,716 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £221,236 and a rental value of £1,520 per month.
Over the last 12 months the sale value of 1 Rennison Close Gateshead has increased by an estimated £4,309 (1.8%) and its rental value has increased by an estimated £59 per month (3.6%), giving an expected gross yield of 8.2%.
1, Rennison Close, Gateshead has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 04 Dec 2024.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
According to HM Land Registry, 1, Rennison Close, Gateshead was last sold on 15th November 2024 for £219,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since November 2024, the market for similar properties has dropped 10.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Rennison Close, Gateshead within a radius of 560 metres over the last 2 years.
The most recent example is 5, Rennison Close, Gateshead, NE8 3FU, a freehold house which sold for £219,995 on the 29th November 2024.
Read more about house prices in NE8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rennison Close, Gateshead, NE8 has a total of 16 addresses. According to our analysis of all the public data, 1, Rennison Close, Gateshead is the 11th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £102k more expensive than the average property in NE8.
The closest station to 1, Rennison Close, Gateshead is Manors station which is 1.7 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 1, Rennison Close, Gateshead, 37.2% of property is socially rented and 36.2% is privately rented.
The graph below shows how this compares to North East 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 1, Rennison Close, Gateshead, 15.7% of residents are recorded as possessing school level qualifications and 40.0% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Rennison 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 1, Rennison Close, 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 1, Rennison Close, Gateshead, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.
