According to the public record, 18, Seaham Close, South Shields is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 1,023 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Seaham Close, South Shields, NE34 is located in the borough of South Tyneside within the NE34 postal district.
18, Seaham Close, South Shields has 51 entries in the Land Registry database, most recently in June 2009 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 18 Seaham Close South Shields as £126,751 and the rental value as £697 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 18 Seaham Close South Shields has increased by £2,374 (1.9%) and its rental value has increased by £68 per month (9.7%).
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, Seaham Close, South Shields is in very good condition we estimate a sale value of £133,089 and rental value of £732 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £117,879 and a rental value of £648 per month.
If you were able to purchase this property for the estimated value of £126,751, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £623 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, Seaham Close, South Shields was last sold on 05 Jun 2009 for £120,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Jun 2009, the market for similar properties has risen 12.1%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 480 metres radius of 18, Seaham Close, South Shields over the last 2 years.
The most recent example is 20A, Seaham Close, South Shields, NE34 7ER, a Leasehold flat which sold for £95,000 in Oct 2014.
Read more about house prices in NE34.
Seaham Close, South Shields, NE34 has a total of 32 addresses. According to our analysis of all the public data, 18, Seaham Close, South Shields is the 3rd largest and the 29th most expensive property on the street.
When compared to the postcode district it is £15k less expensive than the average property in NE34.
The closest station to 18, Seaham Close, South Shields is Sunderland station which is 7.9 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, Seaham Close, South Shields, 38.5% of property is privately owned with a mortgage and 36.2% 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, Seaham Close, South Shields, 22.0% of residents are recorded as possessing school level qualifications and 24.4% 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, Seaham Close, South Shields, the average age was 41.7 and the most common age was 52.
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, Seaham Close, 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 18, Seaham Close, South 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.