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Company No. 11113204
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VAT No. GB 287 0845 68
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According to the public record, 8, Heritage Close, Gateshead is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,029 ft2 of internal area and sits on a 226 m2 plot and a garden.
Houses of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 8, Heritage Close, Gateshead is £196,988 and the estimated rental value is £1,591 per month.
Heritage Close, Gateshead, NE8 is located in the borough of Gateshead within the NE8 postal district.
8, Heritage Close, Gateshead has 21 entries in the Land Registry , most recently in December 2016 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 3 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 8, Heritage Close, Gateshead is in very good condition we estimate a sale value of £206,837 and a rental value of £1,671 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £183,199 and a rental value of £1,480 per month.
Over the last 12 months the sale value of 8 Heritage Close Gateshead has increased by an estimated £3,568 (1.8%) and its rental value has increased by an estimated £57 per month (3.6%), giving an expected gross yield of 9.7%.
According to data from HM Land Registry, 8, Heritage Close, Gateshead sits on a plot of 226m2.
We have plot size data on 14 out of 20 other houses in the postcode and 8, Heritage Close, Gateshead sits on the 2nd largest plot.
According to HM Land Registry, 8, Heritage Close, Gateshead was last sold on 21st December 2016 for £160,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since December 2016, the market for similar properties has risen 20.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Heritage Close, Gateshead within a radius of 580 metres over the last 2 years.
The most recent example is 9, Heritage Close, Gateshead, NE8 2PT, a freehold house which sold for £182,500 on the 1st June 2022.
Read more about house prices in NE8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Heritage Close, Gateshead, NE8 has a total of 20 addresses. According to our analysis of all the public data, 8, Heritage Close, Gateshead is the largest and the most expensive property on the street.
When compared to the postcode district it is £61k more expensive than the average property in NE8.
The closest station to 8, Heritage Close, Gateshead is Dunston station which is 1.0 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 8, Heritage Close, Gateshead, 55.6% of property is socially rented and 19.5% 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 8, Heritage Close, Gateshead, 24.4% of residents are recorded as possessing school level qualifications and 23.8% 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 8, Heritage Close, Gateshead, the average age was 38.5 and the most common age was 32.
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 8, Heritage Close, Gateshead, 0.4% 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 8, Heritage 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.
