According to the public record, 2 Wellesley Court, South Shields is a period leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Wellesley Court, Greens Place, South Shields, NE33.
Greens Place, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
2 Wellesley Court, South Shields has a single entry in the Land Registry database from September 2019 and a single entry in the EPC database dated September 2016.
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 Wellesley Court South Shields as £156,916 and the rental value as £849 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 2 Wellesley Court South Shields has increased by £3,005 (1.9%) and its rental value has increased by £76 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 Wellesley Court, South Shields is in very good condition we estimate a sale value of £164,762 and rental value of £892 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £145,932 and a rental value of £790 per month.
If you were able to purchase this property for the estimated value of £156,916, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £771 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 Wellesley Court, South Shields was last sold on 19 Sep 2019 for £115,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2019, the market for similar properties has risen 17.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Wellesley Court, South Shields within a radius of 640 metres over the last 2 years.
The most recent example is Flat 2, South Haven, Lawe Road, South Shields, NE33 2BD, a Leasehold flat which sold for £155,000 in Nov 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 Wellesley Court, South Shields is the 49th largest and the 41st most expensive property on the street.
When compared to the postcode district it is £15k more expensive than the average property in NE33.
2 Wellesley Court, South Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Sep 2016.
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 Wellesley Court, South Shields is Northumberland Park (Tyne & Wear) station which is 6.4 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 Wellesley Court, South Shields, 41.6% of property is privately owned outright and 25.4% is privately rented.
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 Wellesley Court, South Shields, 5.9% of residents are recorded as possessing school level qualifications and 38.3% 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 Wellesley Court, 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 Wellesley Court, South Shields, 1.0% 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 Wellesley Court, South Shields, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.