7 Ovett Gardens

    7, OVETT GARDENS, GATESHEAD, NE8 3JH

    This terraced freehold property on Ovett Gardens last sold in March 2012 for £165,000. Based on price growth in the NE8 district since then, its estimated current value is £235,199 — placing it in the 34th percentile nationally and the 88th percentile within NE8. The property covers 135 m² (1,453 sq ft), giving an estimated value of £1,742 per m². The EPC rating is C, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    1,453 sq ft

    135 m²

    Last Sale Price

    £165,000

    Mar 2012

    Estimated Valuation

    £235,199

    Est. £/sq ft

    £162/sq ft

    £1,742/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms8
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area1,453 sq ft (135 m²)
    EPC dateMar 2015
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    22 Mar 2012

    £165,000

    29 Nov 2004

    New build

    £189,950

    Key Metrics

    Estimated valuation£235,199
    Value per sq ft / m²£162/sq ft (£1,742/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile88th percentile
    National percentile34th 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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