According to the public record, 18, Hereford Way, Jarrow is a mid-century leasehold apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Hereford Way, Jarrow, NE32 is located in the borough of South Tyneside within the NE32 postal district.
18, Hereford Way, Jarrow has 31 entries in the Land Registry database, most recently in October 2011 and a single entry in the EPC database dated September 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 18 Hereford Way Jarrow as £75,808 and the rental value as £550 per month giving an expected gross yield of 8.7%.
Over the last 12 months the sale value of 18 Hereford Way Jarrow has increased by £2,731 (3.6%) and its rental value has increased by £54 per month (9.8%).
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, Hereford Way, Jarrow is in very good condition we estimate a sale value of £79,599 and rental value of £578 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £70,502 and a rental value of £512 per month.
If you were able to purchase this property for the estimated value of £75,808, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £373 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, Hereford Way, Jarrow was last sold on 14 Oct 2011 for £80,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2011, the market for similar properties has risen 19.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Hereford Way, Jarrow within a radius of 590 metres over the last 2 years.
The most recent example is 20, Hereford Way, Jarrow, NE32 4TY, a Leasehold flat which sold for £70,000 in May 2023.
Read more about house prices in NE32.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hereford Way, Jarrow, NE32 has a total of 52 addresses. According to our analysis of all the public data, 18, Hereford Way, Jarrow is the 51st largest and the 51st most expensive property on the street.
When compared to the postcode district it is £70k less expensive than the average property in NE32.
18, Hereford Way, Jarrow has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Sep 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 18, Hereford Way, Jarrow is Heworth station which is 4.3 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, Hereford Way, Jarrow, 52.9% of property is privately owned outright and 37.0% 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, Hereford Way, Jarrow, 14.1% of residents are recorded as possessing school level qualifications and 25.2% 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, Hereford Way, Jarrow, the average age was 43.7 and the most common age was 72.
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, Hereford Way, Jarrow, 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 18, Hereford Way, Jarrow, there are an average of 1.3 cars per household.
See below for how this compares to North East and the rest of England & Wales.