According to the public record, 25, Gresford Street, South Shields is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 612 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Gresford Street, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
25, Gresford Street, South Shields has a single entry in the Land Registry database from February 2014 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 25 Gresford Street South Shields as £67,572 and the rental value as £477 per month giving an expected gross yield of 8.5%.
Over the last 12 months the sale value of 25 Gresford Street South Shields has increased by £1,256 (1.9%) and its rental value has increased by £46 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 25, Gresford Street, South Shields is in very good condition we estimate a sale value of £70,950 and rental value of £501 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £62,842 and a rental value of £444 per month.
If you were able to purchase this property for the estimated value of £67,572, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £332 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, 25, Gresford Street, South Shields was last sold on 21 Feb 2014 for £30,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2014, the market for similar properties has risen 18.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 25, Gresford Street, South Shields within a radius of 430 metres over the last 2 years.
The most recent example is 119, Whitehall Street, South Shields, NE33 4SX, a Leasehold flat which sold for £39,999 in Jun 2023.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gresford Street, South Shields, NE33 has a total of 22 addresses. According to our analysis of all the public data, 25, Gresford Street, South Shields is the 8th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £74k less expensive than the average property in NE33.
The closest station to 25, Gresford Street, South Shields is Northumberland Park (Tyne & Wear) station which is 8.1 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 25, Gresford Street, South Shields, 38.2% of property is privately rented and 36.6% is socially 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 25, Gresford Street, South Shields, 8.8% of residents are recorded as possessing school level qualifications and 22.4% 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 25, Gresford Street, South Shields, the average age was 42.3 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 25, Gresford Street, 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 25, Gresford Street, 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.