According to the public record, 2 Arbeia House, South Shields is a modern leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Arbeia House, Greens Place, South Shields, NE33.
Greens Place, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
2 Arbeia House, South Shields has 21 entries in the Land Registry database, most recently in February 2022 and a single entry in the EPC database dated January 2017.
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 2 Arbeia House South Shields as £151,163 and the rental value as £798 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 2 Arbeia House South Shields has increased by £2,851 (1.9%) and its rental value has increased by £72 per month (9.0%).
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 2 Arbeia House, South Shields is in very good condition we estimate a sale value of £158,721 and rental value of £838 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £140,581 and a rental value of £742 per month.
If you were able to purchase this property for the estimated value of £151,163, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £743 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, 2 Arbeia House, South Shields was last sold on 07 Feb 2022 for £135,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2022, the market for similar properties has risen 6.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Arbeia House, South Shields within a radius of 600 metres over the last 2 years.
The most recent example is 6, Howard Court, North Shields, NE30 1NZ, a Leasehold flat which sold for £152,000 in Dec 2022.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Greens Place, South Shields, NE33 has a total of 109 addresses. According to our analysis of all the public data, 2 Arbeia House, South Shields is the 52nd largest and the 43rd most expensive property on the street.
When compared to the postcode district it is £9k more expensive than the average property in NE33.
2 Arbeia House, South Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 Jan 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 2 Arbeia House, South Shields is Northumberland Park (Tyne & Wear) station which is 6.3 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 2 Arbeia House, South Shields, 57.6% of property is socially rented and 22.9% 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 2 Arbeia House, South Shields, 5.0% of residents are recorded as possessing school level qualifications and 16.4% 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 2 Arbeia House, South Shields, the average age was 41.4 and the most common age was 42.
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 2 Arbeia House, 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 2 Arbeia House, South Shields, there are an average of 0.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.