According to the public record, 32, Lynwood Way, South Shields is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 995 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Lynwood Way, South Shields, NE34 is located in the borough of South Tyneside within the NE34 postal district.
32, Lynwood Way, South Shields has a single entry in the Land Registry database from July 2008 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 32 Lynwood Way South Shields as £206,308 and the rental value as £856 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 32 Lynwood Way South Shields has increased by £3,112 (1.5%) and its rental value has increased by £80 per month (9.3%).
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 32, Lynwood Way, South Shields is in very good condition we estimate a sale value of £216,623 and rental value of £898 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £191,866 and a rental value of £796 per month.
If you were able to purchase this property for the estimated value of £206,308, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,014 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, 32, Lynwood Way, South Shields was last sold on 01 Jul 2008 for £176,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2008, the market for similar properties has risen 23.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 32, Lynwood Way, South Shields within a radius of 640 metres over the last 2 years.
The most recent example is 64, Lynwood Way, South Shields, NE34 8DB, a Freehold house which sold for £225,000 in Sep 2023.
Read more about house prices in NE34.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lynwood Way, South Shields, NE34 has a total of 119 addresses. According to our analysis of all the public data, 32, Lynwood Way, South Shields is the 29th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £64k more expensive than the average property in NE34.
The closest station to 32, Lynwood Way, South Shields is Sunderland station which is 7.2 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 32, Lynwood Way, South Shields, 50.5% of property is socially rented and 20.7% 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 32, Lynwood Way, South Shields, 14.6% of residents are recorded as possessing school level qualifications and 25.0% 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 32, Lynwood Way, South Shields, the average age was 42.5 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 32, Lynwood Way, South Shields, 0.3% 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 32, Lynwood Way, South Shields, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.