22, Ovett Gardens
22, Ovett Gardens
Description & Estimates
According to the public record, 22, Ovett Gardens, Gateshead is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 747 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 22, Ovett Gardens, Gateshead is £108,736 and the estimated rental value is £851 per month.
Ovett Gardens, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
Our Data Sources
22, Ovett Gardens, Gateshead has 21 entries in the Land Registry , most recently in March 2008 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.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
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 22, Ovett Gardens, Gateshead is in very good condition we estimate a sale value of £114,172 and a rental value of £894 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £101,124 and a rental value of £791 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 22, Ovett Gardens, Gateshead has moved down by £702 (0.6%), while its estimated rental value has increased by £16 per month (1.9%). Based on current estimates, the property offers a gross rental yield of 9.4%.
Sold Prices
According to HM Land Registry, 22, Ovett Gardens, Gateshead was last sold on 17th March 2008 for £114,600 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since March 2008, the market for similar properties has dropped by 16.3%.
- Sold Mar 2008£114,600
- Sold Apr 2004£105,950
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 22, Ovett Gardens, Gateshead within a radius of 510 metres over the last 2 years.
The most recent example is 93, Sanderson Villas, Gateshead, NE8 3BU, a leasehold flat which sold for £90,000 on the 6th November 2024.
Read more about house prices in NE8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Ovett Gardens, Gateshead, NE8 has a total of 66 addresses. According to our analysis of all the public data, 22, Ovett Gardens, Gateshead is the 35th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £29k less expensive than the average property in NE8.
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Schools Nearby
- 300mBede Community Primary School
- 300mSt Wilfrid's Catholic Primary School, Gateshead
- 1.1kmSouth Street Community Primary School
- 2.1kmNorth East Futures UTC
- 2.2kmXP Gateshead
- 2.5kmHeworth Grange School
More reading links
Public Transport Nearby
The closest station to 22, Ovett Gardens, Gateshead is Manors station, which is 2.0 kilometres away.
- 2.0kmManors
- 2.1kmHeworth
- 2.3kmNewcastle
Available Internet Speeds
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
