According to the public record, 12, Military Road, North Shields is a period leasehold apartment with 839 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Military Road, North Shields, NE30 is located in the borough of North Tyneside within the NE30 postal district.
12, Military Road, North Shields has a single entry in the Land Registry database from December 2020 and a single entry in the EPC database dated May 2024.
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 12 Military Road North Shields as £138,088 and the rental value as £952 per month giving an expected gross yield of 8.3%.
Over the last 12 months the sale value of 12 Military Road North Shields has increased by £2,264 (1.6%) and its rental value has increased by £87 per month (9.1%).
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 12, Military Road, North Shields is in very good condition we estimate a sale value of £144,992 and rental value of £999 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £128,422 and a rental value of £885 per month.
If you were able to purchase this property for the estimated value of £138,088, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £679 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, 12, Military Road, North Shields was last sold on 21 Dec 2020 for £95,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2020, the market for similar properties has risen 14.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Military Road, North Shields within a radius of 400 metres over the last 2 years.
The most recent example is 25, Drummond Terrace, North Shields, NE30 2AW, a Leasehold flat which sold for £159,950 in Jul 2023.
Read more about house prices in NE30.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Military Road, North Shields, NE30 has a total of 45 addresses. According to our analysis of all the public data, 12, Military Road, North Shields is the 15th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £180k less expensive than the average property in NE30.
12, Military Road, North Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 May 2024.
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 12, Military Road, North Shields is Northumberland Park (Tyne & Wear) station which is 5.3 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 12, Military Road, North Shields, 41.6% of property is privately rented and 24.7% is socially 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 12, Military Road, North Shields, 8.4% of residents are recorded as possessing school level qualifications and 38.1% 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 12, Military Road, North Shields, the average age was 44 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 12, Military Road, 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 12, Military Road, North Shields, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.