According to the public record, 16, Preston Wood, North Shields is a modern freehold house with 1,829 ft2 of internal area and sits on a 350 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Preston Wood, North Shields, NE30 is located in the borough of North Tyneside within the NE30 postal district.
16, Preston Wood, North Shields has 31 entries in the Land Registry database, most recently in August 2017 and a single entry in the EPC database dated April 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 16 Preston Wood North Shields as £656,441 and the rental value as £1,923 per month giving an expected gross yield of 3.5%.
Over the last 12 months the sale value of 16 Preston Wood North Shields has decreased by £6,802 (1.0%) and its rental value has increased by £141 per month (7.3%).
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, Preston Wood, North Shields is in very good condition we estimate a sale value of £689,263 and rental value of £2,019 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £610,490 and a rental value of £1,788 per month.
If you were able to purchase this property for the estimated value of £656,441, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,226 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 data from HM Land Registry, 16, Preston Wood, North Shields sits on a plot of 350m2.
We have plot size data on 29 out of 45 other houses in the postcode and 16, Preston Wood, North Shields sits on the 27th largest plot.
According to HM Land Registry, 16, Preston Wood, North Shields was last sold on 10 Aug 2017 for £412,500 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Aug 2017, the market for similar properties has risen 31.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Preston Wood, North Shields within a radius of 590 metres over the last 2 years.
The most recent example is 39, Preston Wood, North Shields, NE30 3LT, a Freehold house which sold for £625,000 in Nov 2023.
Read more about house prices in NE30.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Preston Wood, North Shields, NE30 has a total of 45 addresses. According to our analysis of all the public data, 16, Preston Wood, North Shields is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £339k more expensive than the average property in NE30.
16, Preston Wood, North Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Apr 2014.
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, Preston Wood, North Shields is Northumberland Park (Tyne & Wear) station which is 4.4 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, Preston Wood, North Shields, 43.9% of property is privately owned outright and 27.2% 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 16, Preston Wood, North Shields, 11.9% of residents are recorded as possessing school level qualifications and 38.8% 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, Preston Wood, 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 16, Preston Wood, North Shields, 1.2% 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, Preston Wood, 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.