According to the public record, 24, Drake Close, South Shields is a modern freehold house with 516 ft2 of internal area and sits on a 89.9 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Drake Close, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
24, Drake Close, South Shields has 31 entries in the Land Registry database, most recently in November 2018 and a single entry in the EPC database dated February 2019.
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 24 Drake Close South Shields as £123,169 and the rental value as £639 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 24 Drake Close South Shields has increased by £3,499 (2.8%) and its rental value has increased by £68 per month (10.7%).
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 24, Drake Close, South Shields is in very good condition we estimate a sale value of £129,328 and rental value of £671 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £114,547 and a rental value of £595 per month.
If you were able to purchase this property for the estimated value of £123,169, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £605 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 data from HM Land Registry, 24, Drake Close, South Shields sits on a plot of 90m2.
We have plot size data on 32 out of 36 other houses in the postcode and 24, Drake Close, South Shields sits on the 27th largest plot.
According to HM Land Registry, 24, Drake Close, South Shields was last sold on 23 Nov 2018 for £74,500 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Nov 2018, the market for similar properties has risen 21.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Drake Close, South Shields within a radius of 510 metres over the last 2 years.
The most recent example is 16, Raleigh Close, South Shields, NE33 5DG, a Leasehold house which sold for £100,000 in Apr 2024.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Drake Close, South Shields, NE33 has a total of 49 addresses. According to our analysis of all the public data, 24, Drake Close, South Shields is the 24th largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £19k less expensive than the average property in NE33.
24, Drake Close, South Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Feb 2019.
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 24, Drake Close, South Shields is Northumberland Park (Tyne & Wear) station which is 7.3 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 24, Drake Close, South Shields, 38.6% of property is privately owned outright and 31.4% 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 24, Drake Close, South Shields, 9.9% of residents are recorded as possessing school level qualifications and 24.8% 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 24, Drake Close, 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 24, Drake Close, South Shields, 0.8% 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 24, Drake Close, 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.