According to the public record, 3, Gresford Street, South Shields is a period freehold house with 710 ft2 of internal area and sits on a 55.9 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Gresford Street, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
3, Gresford Street, South Shields has a single entry in the Land Registry database from July 2023 and a single entry in the EPC database dated November 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 3 Gresford Street South Shields as £65,147 and the rental value as £405 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of 3 Gresford Street South Shields has increased by £1,188 (1.8%) and its rental value has increased by £39 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 3, Gresford Street, South Shields is in very good condition we estimate a sale value of £68,404 and rental value of £425 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £60,587 and a rental value of £376 per month.
If you were able to purchase this property for the estimated value of £65,147, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £320 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, 3, Gresford Street, South Shields sits on a plot of 56m2.
We have plot size data on 3 out of 4 other houses in the postcode and 3, Gresford Street, South Shields sits on the 9th largest plot.
According to HM Land Registry, 3, Gresford Street, South Shields was last sold on 28 Jul 2023 for £60,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2023, the market for similar properties has risen 1.8%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 3, Gresford Street, South Shields within a radius of 420 metres over the last 2 years.
The most recent example is 1, Gresford Street, South Shields, NE33 4SZ, a Freehold house which sold for £72,500 in Apr 2022.
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, 3, Gresford Street, South Shields is the 5th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £77k less expensive than the average property in NE33.
3, Gresford Street, South Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Nov 2015.
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 3, 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 3, 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 3, 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 3, 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 3, 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 3, 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.