According to the public record, 1, Marsden Lane, South Shields is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,103 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Marsden Lane, South Shields, NE34 is located in the borough of South Tyneside within the NE34 postal district.
1, Marsden Lane, South Shields has a single entry in the Land Registry database from January 2014 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Marsden Lane South Shields as £82,434 and the rental value as £450 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 1 Marsden Lane South Shields has increased by £1,078 (1.3%) and its rental value has increased by £41 per month (9.1%).
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 1, Marsden Lane, South Shields is in very good condition we estimate a sale value of £86,555 and rental value of £472 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £76,663 and a rental value of £418 per month.
If you were able to purchase this property for the estimated value of £82,434, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £405 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1, Marsden Lane, South Shields was last sold on 10 Jan 2014 for £85,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2014, the market for similar properties has risen 32.5%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 1, Marsden Lane, South Shields within a radius of 460 metres over the last 2 years.
The most recent example is 31, Marsden Lane, South Shields, NE34 7HT, a Freehold house which sold for £57,000 in Jun 2011.
Read more about house prices in NE34.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Marsden Lane, South Shields, NE34 has a total of 118 addresses. According to our analysis of all the public data, 1, Marsden Lane, South Shields is the 6th largest and the 96th most expensive property on the street.
When compared to the postcode district it is £60k less expensive than the average property in NE34.
The closest station to 1, Marsden Lane, South Shields is Sunderland station which is 8.4 kilometres away.
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 1, Marsden Lane, South Shields, 85.6% of property is socially rented and 6.5% is privately owned outright.
The graph below shows how this compares to Greater London 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 1, Marsden Lane, South Shields, 34.1% of residents are recorded as possessing school level qualifications and 15.2% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Marsden Lane, South Shields, the average age was 43.9 and the most common age was 57.
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 1, Marsden Lane, South Shields, 0.0% 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 1, Marsden Lane, South Shields, 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.