According to the public record, 16, Frost Mews, South Shields is a modern leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Frost Mews, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
16, Frost Mews, South Shields has 4 entries in the Land Registry database, most recently in June 2023 and a single entry in the EPC database dated February 2023.
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 16 Frost Mews South Shields as £86,446 and the rental value as £532 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 16 Frost Mews South Shields has increased by £1,578 (1.8%) and its rental value has increased by £51 per month (9.5%).
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 16, Frost Mews, South Shields is in very good condition we estimate a sale value of £90,768 and rental value of £558 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £80,394 and a rental value of £494 per month.
If you were able to purchase this property for the estimated value of £86,446, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £425 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, 16, Frost Mews, South Shields was last sold on 01 Jun 2023 for £83,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jun 2023, the market for similar properties has risen 1.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Frost Mews, South Shields within a radius of 440 metres over the last 2 years.
The most recent example is 2, Frost Mews, South Shields, NE33 4AL, a Leasehold flat which sold for £87,500 in Mar 2024.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Frost Mews, South Shields, NE33 has a total of 52 addresses. According to our analysis of all the public data, 16, Frost Mews, South Shields is the 41st largest and the 41st most expensive property on the street.
When compared to the postcode district it is £56k less expensive than the average property in NE33.
16, Frost Mews, South Shields has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 13 Feb 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 16, Frost Mews, South Shields is Northumberland Park (Tyne & Wear) station which is 7.4 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 16, Frost Mews, South Shields, 41.4% of property is socially rented and 23.5% 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 16, Frost Mews, South Shields, 14.9% of residents are recorded as possessing school level qualifications and 17.0% 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 16, Frost Mews, South Shields, the average age was 40.6 and the most common age was 32.
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 16, Frost Mews, 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 16, Frost Mews, South 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.