Stay up to date
Stay up to date
Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
  | Â
VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
Connect me with
an Estate Agent
Our partner Agents appear here!
Book a demo
Find an Estate
Agent
According to the public record, 42, Chaucer Close, Gateshead is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 691 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 42, Chaucer Close, Gateshead is £103,961 and the estimated rental value is £885 per month.
Chaucer Close, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
42, Chaucer Close, Gateshead has a single entry in the Land Registry from August 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.
The local information is scored as 5 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 42, Chaucer Close, Gateshead is in very good condition we estimate a sale value of £109,159 and a rental value of £929 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £96,684 and a rental value of £823 per month.
Over the last 12 months the sale value of 42 Chaucer Close Gateshead has increased by an estimated £333 (0.3%) and its rental value has increased by an estimated £22 per month (2.5%), giving an expected gross yield of 10.2%.
According to HM Land Registry, 42, Chaucer Close, Gateshead was last sold on 17th August 2007 for £102,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since August 2007, the market for similar properties has dropped 17.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Chaucer Close, Gateshead within a radius of 620 metres over the last 2 years.
The most recent example is 123, Chaucer Close, Gateshead, NE8 3NQ, a leasehold flat which sold for £105,000 on the 20th August 2024.
Read more about house prices in NE8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chaucer Close, Gateshead, NE8 has a total of 133 addresses. According to our analysis of all the public data, 42, Chaucer Close, Gateshead is the 49th largest and the 75th most expensive property on the street.
When compared to the postcode district it is £32k less expensive than the average property in NE8.
The closest station to 42, Chaucer Close, Gateshead is Manors station which is 1.6 kilometres away.
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.
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 42, Chaucer Close, Gateshead, 35.2% of property is privately owned outright and 35.2% is privately owned with a mortgage.
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 42, Chaucer Close, Gateshead, 12.0% of residents are recorded as possessing school level qualifications and 34.8% 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 42, Chaucer 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 42, Chaucer Close, Gateshead, 0.8% 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 42, Chaucer Close, Gateshead, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.
