According to the public record, 37, Vernon Close, South Shields is a modern leasehold house with 613 ft2 of internal area and sits on a 75.6 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Vernon Close, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
37, Vernon Close, South Shields has 21 entries in the Land Registry database, most recently in May 2007 and a single entry in the EPC database dated March 2024.
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 Vernon Close South Shields as £116,643 and the rental value as £673 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 37 Vernon Close South Shields has increased by £3,314 (2.8%) and its rental value has increased by £72 per month (10.7%).
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 37, Vernon Close, South Shields is in very good condition we estimate a sale value of £122,475 and rental value of £707 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £108,478 and a rental value of £626 per month.
If you were able to purchase this property for the estimated value of £116,643, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £573 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, 37, Vernon Close, South Shields sits on a plot of 76m2.
We have plot size data on 32 out of 35 other houses in the postcode and 37, Vernon Close, South Shields sits on the 35th largest plot.
According to HM Land Registry, 37, Vernon Close, South Shields was last sold on 23 May 2007 for £69,000 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since May 2007, the market for similar properties has risen 9.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 37, Vernon Close, South Shields within a radius of 570 metres over the last 2 years.
The most recent example is 23, Vernon Close, South Shields, NE33 5DF, a Leasehold house which sold for £120,000 in Aug 2021.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Vernon Close, South Shields, NE33 has a total of 44 addresses. According to our analysis of all the public data, 37, Vernon Close, South Shields is the 14th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £25k less expensive than the average property in NE33.
37, Vernon Close, South Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Mar 2024.
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, Vernon Close, South Shields is Northumberland Park (Tyne & Wear) station which is 7.3 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, Vernon Close, South Shields, 38.6% of property is privately owned outright and 31.4% 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 37, Vernon Close, South Shields, 9.9% of residents are recorded as possessing school level qualifications and 24.8% 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 37, Vernon Close, South Shields, the average age was 40.6 and the most common age was 32.
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, Vernon Close, South Shields, 0.8% 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, Vernon Close, South 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.