According to the public record, 16, Lumley Avenue, South Shields is a mid-century house with 979 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lumley Avenue, South Shields, NE34 is located in the borough of South Tyneside within the NE34 postal district.
16, Lumley Avenue, South Shields has no records in the Land Registry database and a single entry in the EPC database dated October 2022.
We combine this information with public data 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 Lumley Avenue South Shields as £149,299 and the rental value as £795 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 16 Lumley Avenue South Shields has increased by £3,675 (2.5%) and its rental value has increased by £82 per month (10.4%).
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 16, Lumley Avenue, South Shields is in very good condition we estimate a sale value of £156,764 and rental value of £834 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £138,848 and a rental value of £739 per month.
If you were able to purchase this property for the estimated value of £149,299, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £734 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Lumley Avenue, South Shields within a radius of 470 metres over the last 2 years.
The most recent example is 24, Hylton Avenue, South Shields, NE34 7SD, a Freehold house which sold for £150,000 in Aug 2023.
Read more about house prices in NE34.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lumley Avenue, South Shields, NE34 has a total of 164 addresses. According to our analysis of all the public data, 16, Lumley Avenue, South Shields is the 69th largest and the 123rd most expensive property on the street.
When compared to the postcode district it is £7k more expensive than the average property in NE34.
16, Lumley Avenue, South Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Oct 2022.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 16, Lumley Avenue, South Shields is Sunderland station which is 7.8 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 16, Lumley Avenue, South Shields, 33.3% of property is privately owned with a mortgage and 30.7% 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 16, Lumley Avenue, South Shields, 24.3% of residents are recorded as possessing school level qualifications and 20.6% 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, Lumley Avenue, South Shields, the average age was 41.7 and the most common age was 52.
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, Lumley Avenue, South Shields, 0.8% 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, Lumley Avenue, South Shields, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.