According to the public record, 27, Balmoral Gardens, North Shields is a early-century leasehold apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Balmoral Gardens, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
27, Balmoral Gardens, North Shields has 41 entries in the Land Registry database, most recently in November 2023 and a single entry in the EPC database dated January 2021.
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 27 Balmoral Gardens North Shields as £140,902 and the rental value as £1,019 per month giving an expected gross yield of 8.7%.
Over the last 12 months the sale value of 27 Balmoral Gardens North Shields has increased by £1,470 (1.0%) and its rental value has increased by £95 per month (9.3%).
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 27, Balmoral Gardens, North Shields is in very good condition we estimate a sale value of £147,947 and rental value of £1,070 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £131,039 and a rental value of £948 per month.
If you were able to purchase this property for the estimated value of £140,902, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £692 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, 27, Balmoral Gardens, North Shields was last sold on 17 Nov 2023 for £119,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Nov 2023, the market for similar properties has risen 3.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 27, Balmoral Gardens, North Shields within a radius of 470 metres over the last 2 years.
The most recent example is 93, Balmoral Gardens, North Shields, NE29 9BB, a Leasehold flat which sold for £150,000 in Jun 2023.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Balmoral Gardens, North Shields, NE29 has a total of 74 addresses. According to our analysis of all the public data, 27, Balmoral Gardens, North Shields is the 31st largest and the 45th most expensive property on the street.
When compared to the postcode district it is £57k less expensive than the average property in NE29.
27, Balmoral Gardens, North Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Jan 2021.
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 27, Balmoral Gardens, North Shields is Northumberland Park (Tyne & Wear) station which is 4.6 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 27, Balmoral Gardens, North Shields, 46.0% of property is privately owned outright and 32.3% 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 27, Balmoral Gardens, North Shields, 11.7% of residents are recorded as possessing school level qualifications and 39.9% 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 27, Balmoral Gardens, 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 27, Balmoral Gardens, North Shields, 0.3% 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 27, Balmoral Gardens, North Shields, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.