According to the public record, 11, Readhead Avenue, South Shields is a leasehold house.
By comparing it to neighbours, we estimate that it is a period house with 799 ft2 of internal area and sits on a 148 m2 plot and a garden.
Houses of this size in this area normally have 3 bedrooms.
Readhead Avenue, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
11, Readhead Avenue, South Shields has 2 entries in the Land Registry database, most recently in April 2016 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 11 Readhead Avenue South Shields as £137,245 and the rental value as £754 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 11 Readhead Avenue South Shields has increased by £2,817 (2.1%) and its rental value has increased by £74 per month (9.8%).
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 11, Readhead Avenue, South Shields is in very good condition we estimate a sale value of £144,107 and rental value of £792 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £127,638 and a rental value of £701 per month.
If you were able to purchase this property for the estimated value of £137,245, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £675 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 data from HM Land Registry, 11, Readhead Avenue, South Shields sits on a plot of 148m2.
We have plot size data on 8 out of 12 other houses in the postcode and 11, Readhead Avenue, South Shields sits on the 5th largest plot.
According to HM Land Registry, 11, Readhead Avenue, South Shields was last sold on 29 Apr 2016 for £79,950 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since Apr 2016, the market for similar properties has risen 26.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 11, Readhead Avenue, South Shields within a radius of 380 metres over the last 2 years.
The most recent example is 145, Coleridge Avenue, South Shields, NE33 3HB, a Freehold house which sold for £136,722 in Jun 2023.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Readhead Avenue, South Shields, NE33 has a total of 39 addresses. According to our analysis of all the public data, 11, Readhead Avenue, South Shields is the 12th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £5k less expensive than the average property in NE33.
The closest station to 11, Readhead Avenue, South Shields is Northumberland Park (Tyne & Wear) station which is 8.0 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 11, Readhead Avenue, South Shields, 42.1% of property is privately rented and 32.5% is privately owned with a mortgage.
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 11, Readhead Avenue, South Shields, 14.5% of residents are recorded as possessing school level qualifications and 29.8% 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 11, Readhead Avenue, South Shields, the average age was 44.7 and the most common age was 62.
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 11, Readhead Avenue, 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 11, Readhead Avenue, South Shields, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.