According to the public record, 340, Stanhope Road, South Shields is a period leasehold house with 622 ft2 of internal area and sits on a 133 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Stanhope Road, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
340, Stanhope Road, South Shields has a single entry in the Land Registry database from March 2016 and a single entry in the EPC database dated July 2023.
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 340 Stanhope Road South Shields as £92,856 and the rental value as £575 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 340 Stanhope Road South Shields has increased by £3,109 (3.3%) and its rental value has increased by £65 per month (11.3%).
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 340, Stanhope Road, South Shields is in very good condition we estimate a sale value of £97,499 and rental value of £603 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £86,356 and a rental value of £535 per month.
If you were able to purchase this property for the estimated value of £92,856, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £456 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, 340, Stanhope Road, South Shields sits on a plot of 133m2.
We have plot size data on 3 out of 6 other houses in the postcode and 340, Stanhope Road, South Shields sits on the 10th largest plot.
According to HM Land Registry, 340, Stanhope Road, South Shields was last sold on 18 Mar 2016 for £45,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Mar 2016, the market for similar properties has risen 28.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 340, Stanhope Road, South Shields within a radius of 400 metres over the last 2 years.
The most recent example is 111, Whitfield Villas, South Shields, NE33 5NH, a Freehold house which sold for £85,000 in Aug 2023.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Stanhope Road, South Shields, NE33 has a total of 388 addresses. According to our analysis of all the public data, 340, Stanhope Road, South Shields is the 366th largest and the 162nd most expensive property on the street.
When compared to the postcode district it is £49k less expensive than the average property in NE33.
340, Stanhope Road, South Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Jul 2023.
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 340, Stanhope Road, South Shields is Heworth station which is 8.0 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 340, Stanhope Road, South Shields, 38.3% of property is privately rented and 20.6% 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 340, Stanhope Road, South Shields, 16.4% of residents are recorded as possessing school level qualifications and 26.4% 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 340, Stanhope Road, 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 340, Stanhope Road, 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 340, Stanhope Road, 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.