According to the public record, 2, Millview Drive, North Shields is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,712 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Millview Drive, North Shields, NE30 is located in the borough of North Tyneside within the NE30 postal district.
2, Millview Drive, North Shields has 21 entries in the Land Registry database, most recently in December 2007 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 2 Millview Drive North Shields as £824,419 and the rental value as £2,042 per month giving an expected gross yield of 3%.
Over the last 12 months the sale value of 2 Millview Drive North Shields has decreased by £8,376 (1.0%) and its rental value has increased by £151 per month (7.4%).
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, Millview Drive, North Shields is in very good condition we estimate a sale value of £865,640 and rental value of £2,144 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £766,710 and a rental value of £1,899 per month.
If you were able to purchase this property for the estimated value of £824,419, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,052 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, Millview Drive, North Shields was last sold on 17 Dec 2007 for £363,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2007, the market for similar properties has risen 71.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Millview Drive, North Shields within a radius of 296m over the last 2 years.
The most recent example is 61, Millview Drive, North Shields, NE30 2QD, a Freehold house which sold for £735,000 in May 2023.
Read more about house prices in NE30.
Millview Drive, North Shields, NE30 has a total of 79 addresses. According to our analysis of all the public data, 2, Millview Drive, North Shields is the 26th largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £507k more expensive than the average property in NE30.
The closest station to 2, Millview Drive, North Shields is Northumberland Park (Tyne & Wear) station which is 5.5 km 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, Millview Drive, North Shields, 67.2% of property is privately owned outright and 31.9% 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 2, Millview Drive, North Shields, 13.9% of residents are recorded as possessing school level qualifications and 56.6% 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 2, Millview Drive, North Shields, the average age was 45.5 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 2, Millview Drive, North Shields, 2.5% 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, Millview Drive, North Shields, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.