50 Ovett Gardens, Gateshead, NE8 3JH is a leasehold flat built between 1996-2002. The property offers approximately 527 square feet of living space and is situated on the 2nd floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £96,937 , which equates to approximately £184 per square foot. It was last sold on 25 Aug 2020 for £83,500. Since then, the value has increased by £13,437, representing a 16.1% increase, or approximately 3.0% per year.

The current estimated value of £96,937 is:

  • 44.2% lower than the average property price on Ovett Gardens
  • 42.1% lower than the average in the NE8 3JH postcode area
  • and 45.1% lower than the average price for Gateshead as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 21 September 2024, the property was recorded as owner-occupied.

View sold house prices in NE8 3JH

Building approximate location

About Property

Type
Flat
Built
1996-2002
Interior Size
527 sq ft
Tenure
Leasehold
Floor level
2nd floor
Price (estimate)
£96,937
Price Per sq ft (estimate)
£184
Bedroom Count (estimate)
1 bedroom

EPC Summary

50 Ovett Gardens, Gateshead, Tyne And Wear, NE8 3JH has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 21 Sep 2024.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 21 Jan 2011, when the property was rated B. The current rating of C reflects a decline in energy efficiency of 7%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency changing from very good to good, while the heating system type remained the same (boiler and radiators, mains gas).
  • The hot water energy efficiency changing from very good to good, while the system remained as from main system.
  • The lighting was updated from low energy lighting in 50% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from good to very good.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to NE8 3JH

46 th / 66
Price Rank
42% lower than average
50 th / 52
Size Rank
40% smaller than average
5 th / 52
Price Per Sq FT Rank
4% lower than average

Compared to other properties in NE8 3JH , this flat's estimated value ranks 46th out of 66. Based on price per square foot, it ranks 5th out of 52 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 50th out of 52 properties in its postcode area.

Sale History

Today
£96,937
streetscan.co.uk estimate
+16 %
25 Aug 2020
£83,500
Leasehold
-18.1 %
18 Dec 2013
£102,000
Leasehold
-7.3 %
26 Oct 2007
£110,000
Leasehold
+4.8 %
31 Aug 2007
£105,000
Leasehold
-16 %
30 Jun 2005
£124,950
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 592 sq ft
sale price: £93,000
sale date: 24 Mar 2023
rooms: 3
size: 592 sq ft
sale price: £100,000
sale date: 4 Jan 2023
rooms: 3
size: 570 sq ft
sale price: £102,500
sale date: 9 Sep 2022
rooms: 3
size: 560 sq ft
sale price: £90,000
sale date: 11 Jul 2022
rooms: 3
size: 592 sq ft
sale price: £86,000
sale date: 10 Mar 2021

Data Sources

The property at 50 Ovett Gardens, Gateshead, NE8 3JH appears five times in the Land Registry records, with the latest transaction recorded on 25 Aug 2020. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 21 Sep 2024. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.