According to the public record, 3, Preston Wood, North Shields is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,097 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Preston Wood, North Shields, NE30 is located in the borough of North Tyneside within the NE30 postal district.
3, Preston Wood, North Shields has 21 entries in the Land Registry database, most recently in March 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 3 Preston Wood North Shields as £236,269 and the rental value as £1,365 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 3 Preston Wood North Shields has increased by £3,452 (1.5%) and its rental value has increased by £137 per month (10.1%).
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, Preston Wood, North Shields is in very good condition we estimate a sale value of £248,082 and rental value of £1,433 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £219,730 and a rental value of £1,269 per month.
If you were able to purchase this property for the estimated value of £236,269, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,161 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, Preston Wood, North Shields was last sold on 27 Mar 2006 for £305,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Preston Wood, North Shields within a radius of 590 metres over the last 2 years.
The most recent example is 38, Newington Drive, North Shields, NE29 9JA, a Freehold house which sold for £259,950 in Jul 2023.
Read more about house prices in NE30.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Preston Wood, North Shields, NE30 has a total of 45 addresses. According to our analysis of all the public data, 3, Preston Wood, North Shields is the 36th largest and the 45th most expensive property on the street.
When compared to the postcode district it is £81k less expensive than the average property in NE30.
The closest station to 3, Preston Wood, North Shields is Northumberland Park (Tyne & Wear) station which is 4.4 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, Preston Wood, North Shields, 43.9% of property is privately owned outright and 27.2% 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, Preston Wood, North Shields, 11.9% of residents are recorded as possessing school level qualifications and 38.8% 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 3, Preston Wood, North Shields, the average age was 45.1 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, Preston Wood, North Shields, 1.2% 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, Preston Wood, North Shields, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.