According to the public record, 166, Laygate, South Shields is a period apartment with 1,506 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Laygate, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
166, Laygate, South Shields has no records in the Land Registry database and a single entry in the EPC database dated December 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 166 Laygate South Shields as £86,865 and the rental value as £605 per month giving an expected gross yield of 8.4%.
Over the last 12 months the sale value of 166 Laygate South Shields has increased by £1,683 (1.9%) and its rental value has increased by £58 per month (9.6%).
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 166, Laygate, South Shields is in very good condition we estimate a sale value of £91,208 and rental value of £636 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £80,784 and a rental value of £563 per month.
If you were able to purchase this property for the estimated value of £86,865, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £427 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 166, Laygate, South Shields within a radius of 390 metres over the last 2 years.
The most recent example is 47, Marlborough Street North, South Shields, NE33 4DA, a Leasehold flat which sold for £86,000 in Oct 2021.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Laygate, South Shields, NE33 has a total of 144 addresses. According to our analysis of all the public data, 166, Laygate, South Shields is the 5th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £55k less expensive than the average property in NE33.
166, Laygate, South Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Dec 2022.
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 166, Laygate, South Shields is Northumberland Park (Tyne & Wear) station which is 7.5 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 166, Laygate, South Shields, 58.6% of property is privately rented and 15.2% 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 166, Laygate, South Shields, 22.4% of residents are recorded as possessing school level qualifications and 23.0% 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 166, Laygate, 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 166, Laygate, 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 166, Laygate, 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.