According to the public record, 37, Cleveland Avenue, North Shields is a period leasehold apartment with 1,054 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Cleveland Avenue, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
37, Cleveland Avenue, North Shields has 51 entries in the Land Registry database, most recently in May 2021 and a single entry in the EPC database dated June 2018.
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 37 Cleveland Avenue North Shields as £183,238 and the rental value as £1,117 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 37 Cleveland Avenue North Shields has increased by £2,751 (1.5%) and its rental value has increased by £99 per month (8.9%).
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 37, Cleveland Avenue, North Shields is in very good condition we estimate a sale value of £192,400 and rental value of £1,172 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £170,411 and a rental value of £1,038 per month.
If you were able to purchase this property for the estimated value of £183,238, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £901 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, 37, Cleveland Avenue, North Shields was last sold on 28 May 2021 for £129,500 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since May 2021, the market for similar properties has risen 12.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 37, Cleveland Avenue, North Shields within a radius of 460 metres over the last 2 years.
The most recent example is 9, Lansdowne Terrace, North Shields, NE29 0NL, a Leasehold flat which sold for £155,000 in Aug 2023.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cleveland Avenue, North Shields, NE29 has a total of 56 addresses. According to our analysis of all the public data, 37, Cleveland Avenue, North Shields is the 11th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £15k less expensive than the average property in NE29.
37, Cleveland Avenue, North Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Jun 2018.
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 37, Cleveland Avenue, North Shields is Northumberland Park (Tyne & Wear) station which is 4.6 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 37, Cleveland Avenue, North Shields, 36.4% of property is privately owned with a mortgage and 34.9% 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 37, Cleveland Avenue, North Shields, 10.3% of residents are recorded as possessing school level qualifications and 36.7% 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 37, Cleveland Avenue, North Shields, the average age was 44 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 37, Cleveland Avenue, North 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 37, Cleveland Avenue, North Shields, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.