According to the public record, 18, Banbury Way, North Shields is a mid-century apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Banbury Way, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
18, Banbury Way, North Shields has no recent1 records in the Land Registry database and a single entry in the EPC database dated September 2017.
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 18 Banbury Way North Shields as £61,942 and the rental value as £482 per month giving an expected gross yield of 9.3%.
Over the last 12 months the sale value of 18 Banbury Way North Shields has increased by £1,334 (2.2%) and its rental value has increased by £40 per month (8.3%).
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 18, Banbury Way, North Shields is in very good condition we estimate a sale value of £65,039 and rental value of £506 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £57,606 and a rental value of £448 per month.
If you were able to purchase this property for the estimated value of £61,942, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £304 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, 18, Banbury Way, North Shields was last sold on 07 May 1996 for £15,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Banbury Way, North Shields within a radius of 540 metres over the last 2 years.
The most recent example is 144, Wallsend Road, North Shields, NE29 7AE, a Leasehold flat which sold for £63,500 in Apr 2023.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Banbury Way, North Shields, NE29 has a total of 52 addresses. According to our analysis of all the public data, 18, Banbury Way, North Shields is the 33rd largest and the 32nd most expensive property on the street.
When compared to the postcode district it is £136k less expensive than the average property in NE29.
18, Banbury Way, North Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Sep 2017.
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 18, Banbury Way, North Shields is Northumberland Park (Tyne & Wear) station which is 4.6 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 18, Banbury Way, North Shields, 43.5% of property is socially rented and 22.6% 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 18, Banbury Way, North Shields, 26.5% of residents are recorded as possessing school level qualifications and 22.6% 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 18, Banbury Way, North Shields, the average age was 41 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 18, Banbury Way, North 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 18, Banbury Way, North Shields, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.