According to the public record, 114, Durham Drive, Jarrow is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 690 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Durham Drive, Jarrow, NE32 is located in the borough of South Tyneside within the NE32 postal district.
114, Durham Drive, Jarrow has a single entry in the Land Registry database from March 2008 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 114 Durham Drive Jarrow as £73,455 and the rental value as £543 per month giving an expected gross yield of 8.9%.
Over the last 12 months the sale value of 114 Durham Drive Jarrow has increased by £2,522 (3.4%) and its rental value has increased by £53 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 114, Durham Drive, Jarrow is in very good condition we estimate a sale value of £77,128 and rental value of £570 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £68,313 and a rental value of £505 per month.
If you were able to purchase this property for the estimated value of £73,455, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £361 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, 114, Durham Drive, Jarrow was last sold on 17 Mar 2008 for £74,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2008, the market for similar properties has risen 1.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 114, Durham Drive, Jarrow within a radius of 730 metres over the last 2 years.
The most recent example is 33, Hereford Way, Jarrow, NE32 4TY, a Leasehold flat which sold for £75,000 in Apr 2020.
Read more about house prices in NE32.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Durham Drive, Jarrow, NE32 has a total of 206 addresses. According to our analysis of all the public data, 114, Durham Drive, Jarrow is the 161st largest and the 178th most expensive property on the street.
When compared to the postcode district it is £73k less expensive than the average property in NE32.
The closest station to 114, Durham Drive, Jarrow is Heworth station which is 4.6 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 114, Durham Drive, Jarrow, 41.1% of property is privately owned outright and 32.3% 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 114, Durham Drive, Jarrow, 15.3% of residents are recorded as possessing school level qualifications and 19.7% 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 114, Durham Drive, Jarrow, the average age was 43.7 and the most common age was 72.
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 114, Durham Drive, Jarrow, 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 114, Durham Drive, Jarrow, 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.