According to the public record, 15, Preston Gate, North Shields is a mid-century leasehold apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Preston Gate, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
15, Preston Gate, North Shields has 2 entries in the Land Registry database, most recently in November 2017 and a single entry in the EPC database dated July 2014.
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 15 Preston Gate North Shields as £80,935 and the rental value as £658 per month giving an expected gross yield of 9.7%.
Over the last 12 months the sale value of 15 Preston Gate North Shields has increased by £545 (0.7%) and its rental value has increased by £58 per month (8.9%).
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 15, Preston Gate, North Shields is in very good condition we estimate a sale value of £84,982 and rental value of £690 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £75,270 and a rental value of £612 per month.
If you were able to purchase this property for the estimated value of £80,935, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £398 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, 15, Preston Gate, North Shields was last sold on 10 Nov 2017 for £60,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2017, the market for similar properties has risen 24.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Preston Gate, North Shields within a radius of 590 metres over the last 2 years.
The most recent example is 13, Preston Gate, North Shields, NE29 9QB, a Leasehold flat which sold for £78,000 in Dec 2023.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Preston Gate, North Shields, NE29 has a total of 27 addresses. According to our analysis of all the public data, 15, Preston Gate, North Shields is the 10th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £117k less expensive than the average property in NE29.
15, Preston Gate, North Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Jul 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 15, Preston Gate, North Shields is Northumberland Park (Tyne & Wear) station which is 4.1 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 15, Preston Gate, North Shields, 43.3% of property is privately owned with a mortgage and 36.2% is privately owned outright.
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 15, Preston Gate, North Shields, 19.0% of residents are recorded as possessing school level qualifications and 30.9% 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 15, Preston Gate, North Shields, the average age was 45.1 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 15, Preston Gate, North Shields, 0.7% 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 15, Preston Gate, North Shields, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.