According to the public record, 116, Ocean Road, South Shields is a leasehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,322 ft2 of internal area and sits on a 116 m2 plot and a garden.
Houses of this size in this area normally have 4 bedrooms.
Ocean Road, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
116, Ocean Road, South Shields has 21 entries in the Land Registry database, most recently in March 2011 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 116 Ocean Road South Shields as £212,108 and the rental value as £713 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 116 Ocean Road South Shields has increased by £4,461 (2.1%) and its rental value has increased by £67 per month (9.4%).
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 116, Ocean Road, South Shields is in very good condition we estimate a sale value of £222,713 and rental value of £748 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £197,260 and a rental value of £663 per month.
If you were able to purchase this property for the estimated value of £212,108, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,042 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, 116, Ocean Road, South Shields sits on a plot of 116m2.
According to HM Land Registry, 116, Ocean Road, South Shields was last sold on 31 Mar 2011 for £112,500 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since Mar 2011, the market for similar properties has risen 47.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 116, Ocean Road, South Shields within a radius of 480 metres over the last 2 years.
The most recent example is 21, Vespasian Street, South Shields, NE33 2EH, a Freehold house which sold for £215,000 in Oct 2023.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ocean Road, South Shields, NE33 has a total of 34 addresses. According to our analysis of all the public data, 116, Ocean Road, South Shields is the 15th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £70k more expensive than the average property in NE33.
The closest station to 116, Ocean Road, South Shields is Northumberland Park (Tyne & Wear) station which is 7.0 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 116, Ocean Road, South Shields, 36.5% of property is privately owned outright and 31.3% 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 116, Ocean Road, South Shields, 17.5% of residents are recorded as possessing school level qualifications and 24.9% 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 116, Ocean Road, South Shields, the average age was 41.4 and the most common age was 42.
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 116, Ocean Road, 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 116, Ocean Road, 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.