According to the public record, 27, Palace Close, South Shields is a modern freehold house with 936 ft2 of internal area and sits on a 184 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Palace Close, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
27, Palace Close, South Shields has 2 entries in the Land Registry database, most recently in October 2017 and a single entry in the EPC database dated March 2015.
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 Palace Close South Shields as £170,170 and the rental value as £845 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 27 Palace Close South Shields has increased by £2,704 (1.6%) and its rental value has increased by £77 per month (9.2%).
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, Palace Close, South Shields is in very good condition we estimate a sale value of £178,678 and rental value of £888 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £158,258 and a rental value of £786 per month.
If you were able to purchase this property for the estimated value of £170,170, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £836 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, 27, Palace Close, South Shields sits on a plot of 184m2.
We have plot size data on 36 out of 36 other houses in the postcode and 27, Palace Close, South Shields sits on the 17th largest plot.
According to HM Land Registry, 27, Palace Close, South Shields was last sold on 06 Oct 2017 for £143,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2017, the market for similar properties has risen 24.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 27, Palace Close, South Shields within a radius of 540 metres over the last 2 years.
The most recent example is 21, Palace Close, South Shields, NE33 5EQ, a Freehold house which sold for £200,000 in Apr 2024.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Palace Close, South Shields, NE33 has a total of 36 addresses. According to our analysis of all the public data, 27, Palace Close, South Shields is the 25th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £28k more expensive than the average property in NE33.
27, Palace Close, South Shields has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 19 Mar 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 27, Palace Close, South Shields is Northumberland Park (Tyne & Wear) station which is 7.1 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 27, Palace Close, South Shields, 35.8% of property is privately rented and 28.3% 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 27, Palace Close, South Shields, 22.8% of residents are recorded as possessing school level qualifications and 23.8% 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 27, Palace 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 27, Palace Close, 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 27, Palace Close, South Shields, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.