According to the public record, 115, Salem Street, Jarrow is a mid-century apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Salem Street, Jarrow, NE32 is located in the borough of South Tyneside within the NE32 postal district.
115, Salem Street, Jarrow has no records in the Land Registry database and a single entry in the EPC database dated June 2023.
We combine this information with public data 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 115 Salem Street Jarrow as £60,948 and the rental value as £480 per month giving an expected gross yield of 9.5%.
Over the last 12 months the sale value of 115 Salem Street Jarrow has increased by £1,911 (3.1%) and its rental value has increased by £45 per month (9.3%).
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 115, Salem Street, Jarrow is in very good condition we estimate a sale value of £63,995 and rental value of £504 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £56,682 and a rental value of £447 per month.
If you were able to purchase this property for the estimated value of £60,948, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £300 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 115, Salem Street, Jarrow within a radius of 740 metres over the last 2 years.
The most recent example is 21, Russell Street, Jarrow, NE32 3AW, a Leasehold flat which sold for £59,000 in Jun 2023.
Read more about house prices in NE32.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Salem Street, Jarrow, NE32 has a total of 65 addresses. According to our analysis of all the public data, 115, Salem Street, Jarrow is the 40th largest and the 49th most expensive property on the street.
When compared to the postcode district it is £85k less expensive than the average property in NE32.
115, Salem Street, Jarrow has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Jun 2023.
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 115, Salem Street, Jarrow is Heworth station which is 5.7 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 115, Salem Street, Jarrow, 74.3% of property is socially rented and 12.5% 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 115, Salem Street, Jarrow, 23.6% of residents are recorded as possessing school level qualifications and 12.1% 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 115, Salem Street, Jarrow, the average age was 42.3 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 115, Salem Street, 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 115, Salem Street, Jarrow, there are an average of 0.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.