According to the public record, 34, Olive Street, South Shields is a period apartment with 452 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Olive Street, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
34, Olive Street, South Shields has no records in the Land Registry database and a single entry in the EPC database dated June 2020.
We combine this information with public data 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 34 Olive Street South Shields as £35,168 and the rental value as £269 per month giving an expected gross yield of 9.2%.
Over the last 12 months the sale value of 34 Olive Street South Shields has increased by £656 (1.9%) and its rental value has increased by £26 per month (9.7%).
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 34, Olive Street, South Shields is in very good condition we estimate a sale value of £36,927 and rental value of £283 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £32,707 and a rental value of £251 per month.
If you were able to purchase this property for the estimated value of £35,168, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £173 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 the Land Registry and our network of Estate Agents, there have been 3 property sales within a 460 metres radius of 34, Olive Street, South Shields over the last 2 years.
The most recent example is 50, Olive Street, South Shields, NE33 4RH, a Leasehold flat which sold for £46,500 in Aug 2021.
Read more about house prices in NE33.
Olive Street, South Shields, NE33 has a total of 103 addresses. According to our analysis of all the public data, 34, Olive Street, South Shields is the 76th largest and the 103rd most expensive property on the street.
When compared to the postcode district it is £107k less expensive than the average property in NE33.
34, Olive Street, South Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Jun 2020.
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 34, Olive Street, South Shields is Heworth 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 34, Olive Street, South Shields, 47.7% of property is privately owned outright and 23.9% 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 34, Olive Street, South Shields, 7.3% of residents are recorded as possessing school level qualifications and 16.8% 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 34, Olive Street, 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 34, Olive 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 34, Olive 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.