According to the public record, 266, Inverness Road, Jarrow is a mid-century leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Inverness Road, Jarrow, NE32 is located in the borough of South Tyneside within the NE32 postal district.
266, Inverness Road, Jarrow has 3 entries in the Land Registry database, most recently in January 2024 and a single entry in the EPC database dated October 2023.
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 266 Inverness Road Jarrow as £54,192 and the rental value as £437 per month giving an expected gross yield of 9.7%.
Over the last 12 months the sale value of 266 Inverness Road Jarrow has increased by £1,674 (3.1%) and its rental value has increased by £41 per month (9.5%).
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 266, Inverness Road, Jarrow is in very good condition we estimate a sale value of £56,902 and rental value of £458 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £50,399 and a rental value of £406 per month.
If you were able to purchase this property for the estimated value of £54,192, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £266 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, 266, Inverness Road, Jarrow was last sold on 17 Jan 2024 for £50,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jan 2024, the market for similar properties has risen 7.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 266, Inverness Road, Jarrow within a radius of 550 metres over the last 2 years.
The most recent example is 62, Inverness Road, Jarrow, NE32 4JB, a Leasehold flat which sold for £47,500 in Apr 2014.
Read more about house prices in NE32.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Inverness Road, Jarrow, NE32 has a total of 194 addresses. According to our analysis of all the public data, 266, Inverness Road, Jarrow is the 169th largest and the 174th most expensive property on the street.
When compared to the postcode district it is £92k less expensive than the average property in NE32.
266, Inverness Road, Jarrow has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 Oct 2023.
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 266, Inverness Road, Jarrow is Heworth station which is 6.1 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 266, Inverness Road, Jarrow, 43.8% of property is socially rented and 19.9% 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 266, Inverness Road, Jarrow, 19.9% of residents are recorded as possessing school level qualifications and 21.2% 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 266, Inverness Road, Jarrow, the average age was 39.8 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 266, Inverness Road, Jarrow, 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 266, Inverness Road, Jarrow, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.