According to the public record, 18 Rekendyke Mews, Laygate, South Shields is a modern apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 18, Laygate, South Shields, NE33.
Laygate, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
18 Rekendyke Mews, Laygate, South Shields has no recent1 records in the Land Registry database and a single entry in the EPC database dated October 2019.
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 Rekendyke Mews Laygate South Shields as £57,452 and the rental value as £420 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of 18 Rekendyke Mews Laygate South Shields has increased by £1,049 (1.8%) and its rental value has increased by £40 per month (9.5%).
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 Rekendyke Mews, Laygate, South Shields is in very good condition we estimate a sale value of £60,325 and rental value of £441 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £53,430 and a rental value of £391 per month.
If you were able to purchase this property for the estimated value of £57,452, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £282 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 Rekendyke Mews, Laygate, South Shields was last sold on 16 May 2005 for £114,450 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 Rekendyke Mews, Laygate, South Shields within a radius of 460 metres over the last 2 years.
The most recent example is 44, Marshall Wallis Road, South Shields, NE33 5PD, a Leasehold flat which sold for £32,750 in Oct 2022.
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, 18 Rekendyke Mews, Laygate, South Shields is the 102nd largest and the 121st most expensive property on the street.
When compared to the postcode district it is £85k less expensive than the average property in NE33.
18 Rekendyke Mews, Laygate, South Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Oct 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 18 Rekendyke Mews, 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 18 Rekendyke Mews, Laygate, South Shields, 49.7% of property is privately rented and 22.4% 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 18 Rekendyke Mews, Laygate, South Shields, 17.0% of residents are recorded as possessing school level qualifications and 25.8% 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 18 Rekendyke Mews, 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 18 Rekendyke Mews, Laygate, South Shields, 0.7% 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 Rekendyke Mews, Laygate, South Shields, there are an average of 0.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.