According to the public record, 1, Nelson Terrace, North Shields is a mid-century leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Nelson Terrace, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
1, Nelson Terrace, North Shields has 51 entries in the Land Registry database, most recently in August 2009 and a single entry in the EPC database dated May 2009.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Nelson Terrace North Shields as £65,161 and the rental value as £490 per month giving an expected gross yield of 9%.
Over the last 12 months the sale value of 1 Nelson Terrace North Shields has increased by £1,403 (2.2%) and its rental value has increased by £40 per month (8.3%).
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, Nelson Terrace, North Shields is in very good condition we estimate a sale value of £68,419 and rental value of £515 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £60,600 and a rental value of £456 per month.
If you were able to purchase this property for the estimated value of £65,161, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £320 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, Nelson Terrace, North Shields was last sold on 21 Aug 2009 for £59,950 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Aug 2009, the market for similar properties has risen 22.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Nelson Terrace, North Shields within a radius of 730 metres over the last 2 years.
The most recent example is 12, Illingworth House, St. Johns Green, North Shields, NE29 6PR, a Leasehold flat which sold for £60,000 in Sep 2022.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Nelson Terrace, North Shields, NE29 has a total of 10 addresses. According to our analysis of all the public data, 1, Nelson Terrace, North Shields is the 7th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £133k less expensive than the average property in NE29.
1, Nelson Terrace, North Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 May 2009.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Nelson Terrace, North Shields is Northumberland Park (Tyne & Wear) station which is 5.0 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, Nelson Terrace, North Shields, 63.5% of property is socially rented and 15.1% is privately rented.
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, Nelson Terrace, North Shields, 27.7% of residents are recorded as possessing school level qualifications and 14.5% 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, Nelson Terrace, North Shields, the average age was 41 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, Nelson Terrace, North 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, Nelson Terrace, North Shields, there are an average of 0.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.