Oakworth, Gateshead
Oakworth, Gateshead
Description & Estimates
Oakworth, Gateshead is recorded publicly as a period freehold house across 965 ft2 of internal area, sitting on a 169 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of Oakworth, Gateshead is £147,808 and its rental estimate is £914 per month, given the available information and assuming reasonable condition.
Nursery Lane, Gateshead, NE10 falls within the NE10 postal district, in the borough of Gateshead.
Our Data Sources
Oakworth, Gateshead has 41 entries in the Land Registry , most recently in May 2016 and a single entry in the EPC database dated August 2010.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Oakworth, Gateshead, we estimate a market value of £155,198 and a rental value of £960 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £137,461 and £850 per month respectively.
Recent Market Change
Over the last year, Oakworth, Gateshead has seen its estimated sale value move up by £1,891 (1.3%) and its estimated rental value increase by £36 per month (3.9%). This results in an estimated gross rental yield of 7.4%.
Plot Size
HM Land Registry records the plot of land for Oakworth, Gateshead as measuring 169 m2.
That makes it the 21st largest plot in the postcode, where 22 of the 27 other houses have recorded plot data.
Energy Efficiency
Oakworth, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Aug 2010.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Oakworth, Gateshead completed on 18th May 2016 at £135,500 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 4 times.
Values of comparable properties have risen by 59.6% over the period since May 2016.
- Sold May 2016£135,500
- Sold Sep 2005£134,950
- Sold Jun 2005£140,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Oakworth, Gateshead have sold within a radius of 470 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 21st January 2022, was 5, Heatherwell Green, Gateshead, NE10 9HB, a freehold house which sold for £85,500.
Read more about house prices in NE10.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 104 addresses on Nursery Lane, Gateshead, NE10, Oakworth, Gateshead comes out as the 22nd largest and the 21st most expensive in our analysis of the public data.
It is also £15k less expensive than the average property across the NE10 district.
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Schools Nearby
- 300mFalla Park Community Primary School
- 400mCarr Hill Community Primary School
- 900mWindy Nook Primary School
- 1.0kmXP Gateshead
- 1.4kmCardinal Hume Catholic School, Gateshead
- 1.6kmHeworth Grange School
More reading links
Public Transport Nearby
From Oakworth, Gateshead, the nearest station is Heworth, 1.5 kilometres away.
- 1.5kmHeworth
- 3.3kmManors
- 3.5kmNewcastle
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
