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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, 7, Monarch Grove, Ryton is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,973 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 7, Monarch Grove, Ryton is £442,738 and the estimated rental value is £1,453 per month.
Monarch Grove, Ryton, NE40 is located in the borough of Gateshead within the NE40 postal district.
7, Monarch Grove, Ryton has a single entry in the Land Registry from May 2023 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 2 out of 5 and is considered of medium 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, Monarch Grove, Ryton is in very good condition we estimate a sale value of £464,875 and a rental value of £1,525 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £411,746 and a rental value of £1,351 per month.
Over the last 12 months the sale value of 7 Monarch Grove Ryton has decreased by an estimated £1,036 (0.2%) and its rental value has increased by an estimated £30 per month (2.1%), giving an expected gross yield of 3.9%.
According to HM Land Registry, 7, Monarch Grove, Ryton was last sold on 26th May 2023 for £389,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2023, the market for similar properties has risen 16.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Monarch Grove, Ryton within a radius of 760 metres over the last 2 years.
The most recent example is 6, Silvermere Drive, Ryton, NE40 3HA, a leasehold house which sold for £400,000 on the 24th March 2023.
Read more about house prices in NE40.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Monarch Grove, Ryton, NE40 has a total of 38 addresses. According to our analysis of all the public data, 7, Monarch Grove, Ryton is the largest and the most expensive property on the street.
When compared to the postcode district it is £247k more expensive than the average property in NE40.
The closest station to 7, Monarch Grove, Ryton is Blaydon station which is 2.9 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 7, Monarch Grove, Ryton, 56.7% of property is privately owned outright and 36.2% 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 7, Monarch Grove, Ryton, 19.0% of residents are recorded as possessing school level qualifications and 39.0% 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, Monarch Grove, Ryton, the average age was 43.2 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, Monarch Grove, Ryton, 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, Monarch Grove, Ryton, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.
