According to the public record, 3, Spencer Street, North Shields is a period freehold house with 624 ft2 of internal area and sits on a 50.8 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Spencer Street, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
3, Spencer Street, North Shields has a single entry in the Land Registry database from December 2006 and a single entry in the EPC database dated November 2017.
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 Spencer Street North Shields as £104,948 and the rental value as £715 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 3 Spencer Street North Shields has increased by £3,818 (3.6%) and its rental value has increased by £69 per month (9.6%).
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, Spencer Street, North Shields is in very good condition we estimate a sale value of £110,195 and rental value of £750 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £97,602 and a rental value of £665 per month.
If you were able to purchase this property for the estimated value of £104,948, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £516 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, Spencer Street, North Shields sits on a plot of 51m2.
We have plot size data on 5 out of 7 other houses in the postcode and 3, Spencer Street, North Shields sits on the 11th largest plot.
According to HM Land Registry, 3, Spencer Street, North Shields was last sold on 01 Dec 2006 for £63,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Spencer Street, North Shields within a radius of 370 metres over the last 2 years.
The most recent example is 85, Chirton West View, North Shields, NE29 0EN, a Leasehold house which sold for £85,000 in Apr 2022.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spencer Street, North Shields, NE29 has a total of 23 addresses. According to our analysis of all the public data, 3, Spencer Street, North Shields is the 15th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £93k less expensive than the average property in NE29.
3, Spencer Street, North Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Nov 2017.
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, Spencer Street, North Shields is Northumberland Park (Tyne & Wear) station which is 5.4 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, Spencer Street, North Shields, 35.0% of property is privately rented and 25.6% 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, Spencer Street, North Shields, 13.2% of residents are recorded as possessing school level qualifications and 25.8% 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, Spencer Street, North Shields, the average age was 41 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, Spencer Street, North Shields, 0.9% 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, Spencer Street, North 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.