1 Ovett Gardens

    1, OVETT GARDENS, GATESHEAD, NE8 3JH

    This terraced freehold property on Ovett Gardens last sold in June 2022 for £233,000. Based on price growth in the NE8 district since then, its estimated current value is £276,714 — placing it in the 44th percentile nationally and the 94th percentile within NE8. The property covers 124 m² (1,335 sq ft), giving an estimated value of £2,232 per m². The EPC rating is C, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    1,335 sq ft

    124 m²

    Last Sale Price

    £233,000

    Jun 2022

    Estimated Valuation

    £276,714

    Est. £/sq ft

    £207/sq ft

    £2,232/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms7
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area1,335 sq ft (124 m²)
    EPC dateFeb 2022
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    30 Jun 2022

    £233,000

    11 Dec 2012

    £176,000

    19 Nov 2004

    New build

    £194,950

    Key Metrics

    Estimated valuation£276,714
    Value per sq ft / m²£207/sq ft (£2,232/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile94th percentile
    National percentile44th percentile

    District Context — NE8

    NE8 covers Gateshead and surrounding areas in Tyne and Wear, situated south of the River Tyne in the North East. It is a primarily working-class and lower-middle-income area with a significant rental market and strong community character.

    Average Property Price - NE8

    £157,635

    4

    National percentile

    Average Net Household Income - NE8

    £31,485

    12

    National percentile

    10-Year Annualised Price Growth - NE8

    2.5%

    16

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE8

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