According to the public record, 14, Lancaster Way, Jarrow is a mid-century leasehold apartment with 626 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Lancaster Way, Jarrow, NE32 is located in the borough of South Tyneside within the NE32 postal district.
14, Lancaster Way, Jarrow has 41 entries in the Land Registry database, most recently in July 2017 and a single entry in the EPC database dated September 2010.
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 14 Lancaster Way Jarrow as £90,426 and the rental value as £598 per month giving an expected gross yield of 7.9%.
Over the last 12 months the sale value of 14 Lancaster Way Jarrow has increased by £3,257 (3.6%) and its rental value has increased by £59 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 14, Lancaster Way, Jarrow is in very good condition we estimate a sale value of £94,947 and rental value of £627 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £84,096 and a rental value of £556 per month.
If you were able to purchase this property for the estimated value of £90,426, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £444 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, 14, Lancaster Way, Jarrow was last sold on 26 Jul 2017 for £67,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jul 2017, the market for similar properties has risen 16.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 14, Lancaster Way, Jarrow within a radius of 850 metres over the last 2 years.
The most recent example is 18, Lancaster Way, Jarrow, NE32 4UQ, a Leasehold flat which sold for £85,000 in Jul 2022.
Read more about house prices in NE32.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lancaster Way, Jarrow, NE32 has a total of 45 addresses. According to our analysis of all the public data, 14, Lancaster Way, Jarrow is the 25th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £56k less expensive than the average property in NE32.
14, Lancaster Way, Jarrow has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 08 Sep 2010.
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 14, Lancaster Way, Jarrow is Heworth station which is 3.8 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 14, Lancaster Way, Jarrow, 59.0% of property is privately owned outright and 28.2% 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 14, Lancaster Way, Jarrow, 12.3% of residents are recorded as possessing school level qualifications and 29.1% 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 14, Lancaster Way, 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 14, Lancaster Way, Jarrow, 0.9% 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 14, Lancaster Way, Jarrow, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.