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According to the public record, 7, Ferndale Terrace, Gateshead is a period leasehold apartment with 430 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 7, Ferndale Terrace, Gateshead is £64,099 and the estimated rental value is £610 per month.
Ferndale Terrace, Gateshead, NE9 is located in the borough of Sunderland within the NE9 postal district.
7, Ferndale Terrace, Gateshead has a single entry in the Land Registry from March 2022 and a single entry in the EPC database dated March 2015.
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 7, Ferndale Terrace, Gateshead is in very good condition we estimate a sale value of £67,304 and a rental value of £640 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £59,612 and a rental value of £567 per month.
Over the last 12 months the sale value of 7 Ferndale Terrace Gateshead has increased by an estimated £1,571 (2.5%) and its rental value has increased by an estimated £26 per month (4.3%), giving an expected gross yield of 11.4%.
7, Ferndale Terrace, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Mar 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 7, Ferndale Terrace, Gateshead was last sold on 18th March 2022 for £50,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since March 2022, the market for similar properties has risen 0.6%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 7, Ferndale Terrace, Gateshead within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 8, Ferndale Terrace, Gateshead, NE9 7RH, a leasehold flat which sold for £81,000 on the 19th October 2017.
Read more about house prices in NE9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ferndale Terrace, Gateshead, NE9 has a total of 20 addresses. According to our analysis of all the public data, 7, Ferndale Terrace, Gateshead is the 20th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £98k less expensive than the average property in NE9.
The closest station to 7, Ferndale Terrace, Gateshead is Heworth station which is 3.6 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast 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 7, Ferndale Terrace, Gateshead, 61.3% of property is privately owned outright and 27.0% 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 7, Ferndale Terrace, Gateshead, 11.8% of residents are recorded as possessing school level qualifications and 32.0% 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 7, Ferndale Terrace, Gateshead, the average age was 44.7 and the most common age was 52.
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 7, Ferndale Terrace, 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 7, Ferndale Terrace, Gateshead, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.
