According to the public record, 3, Low Lane, South Shields is a modern leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Low Lane, South Shields, NE34 is located in the borough of South Tyneside within the NE34 postal district.
3, Low Lane, South Shields has 2 entries in the Land Registry database, most recently in November 2021 and a single entry in the EPC database dated January 2013.
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 Low Lane South Shields as £87,699 and the rental value as £536 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 3 Low Lane South Shields has increased by £1,865 (2.1%) 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, Low Lane, South Shields is in very good condition we estimate a sale value of £92,084 and rental value of £563 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £81,560 and a rental value of £498 per month.
If you were able to purchase this property for the estimated value of £87,699, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £431 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, Low Lane, South Shields was last sold on 02 Nov 2021 for £84,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2021, the market for similar properties has risen 2.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Low Lane, South Shields within a radius of 510 metres over the last 2 years.
The most recent example is 23, Low Lane, South Shields, NE34 0LG, a Leasehold flat which sold for £95,000 in Dec 2023.
Read more about house prices in NE34.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Low Lane, South Shields, NE34 has a total of 35 addresses. According to our analysis of all the public data, 3, Low Lane, South Shields is the 30th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £54k less expensive than the average property in NE34.
3, Low Lane, South Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Jan 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 3, Low Lane, South Shields is Heworth station which is 7.8 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, Low Lane, South Shields, 53.5% of property is privately owned with a mortgage and 25.0% is privately 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, Low Lane, South Shields, 25.6% of residents are recorded as possessing school level qualifications and 31.7% 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, Low Lane, 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, Low Lane, South Shields, 0.2% 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, Low Lane, South Shields, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.