According to the public record, 3, Lord Street, South Shields is a period leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Lord Street, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
3, Lord Street, South Shields has 5 entries in the Land Registry database, most recently in October 2023 and a single entry in the EPC database dated July 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 3 Lord Street South Shields as £81,217 and the rental value as £542 per month giving an expected gross yield of 8%.
Over the last 12 months the sale value of 3 Lord Street South Shields has increased by £1,664 (2.0%) and its rental value has increased by £53 per month (9.9%).
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, Lord Street, South Shields is in very good condition we estimate a sale value of £85,277 and rental value of £569 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £75,531 and a rental value of £504 per month.
If you were able to purchase this property for the estimated value of £81,217, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £399 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, 3, Lord Street, South Shields was last sold on 20 Oct 2023 for £78,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Oct 2023, the market for similar properties has risen 3.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Lord Street, South Shields within a radius of 370 metres over the last 2 years.
The most recent example is 67, Osborne Avenue, South Shields, NE33 3BX, a Leasehold flat which sold for £70,000 in Nov 2023.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lord Street, South Shields, NE33 has a total of 19 addresses. According to our analysis of all the public data, 3, Lord Street, South Shields is the 10th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £61k less expensive than the average property in NE33.
3, Lord Street, South Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Jul 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 3, Lord Street, South Shields is Northumberland Park (Tyne & Wear) station which is 7.9 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, Lord Street, South Shields, 31.9% of property is privately owned outright and 31.9% 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 3, Lord Street, South Shields, 17.8% of residents are recorded as possessing school level qualifications and 36.7% 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, Lord Street, South Shields, the average age was 44.7 and the most common age was 62.
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, Lord 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, Lord Street, South Shields, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.