According to the public record, 39, Lanark Drive, Jarrow is a mid-century freehold house with 710 ft2 of internal area and sits on a 222 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lanark Drive, Jarrow, NE32 is located in the borough of South Tyneside within the NE32 postal district.
39, Lanark Drive, Jarrow has a single entry in the Land Registry database from October 2022 and a single entry in the EPC database dated June 2022.
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 39 Lanark Drive Jarrow as £113,984 and the rental value as £775 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 39 Lanark Drive Jarrow has increased by £4,083 (3.6%) and its rental value has increased by £77 per month (10.0%).
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 39, Lanark Drive, Jarrow is in very good condition we estimate a sale value of £119,683 and rental value of £814 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £106,005 and a rental value of £721 per month.
If you were able to purchase this property for the estimated value of £113,984, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £560 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, 39, Lanark Drive, Jarrow sits on a plot of 222m2.
We have plot size data on 7 out of 12 other houses in the postcode and 39, Lanark Drive, Jarrow sits on the 6th largest plot.
According to HM Land Registry, 39, Lanark Drive, Jarrow was last sold on 31 Oct 2022 for £95,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2022, the market for similar properties has risen 1.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 39, Lanark Drive, Jarrow within a radius of 590 metres over the last 2 years.
The most recent example is 7, Nairn Street, Jarrow, NE32 4HX, a Freehold house which sold for £105,000 in Aug 2023.
Read more about house prices in NE32.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lanark Drive, Jarrow, NE32 has a total of 62 addresses. According to our analysis of all the public data, 39, Lanark Drive, Jarrow is the 35th largest and the 31st most expensive property on the street.
When compared to the postcode district it is £32k less expensive than the average property in NE32.
39, Lanark Drive, Jarrow has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 02 Jun 2022.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 39, Lanark Drive, Jarrow is Heworth station which is 5.9 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 39, Lanark Drive, Jarrow, 60.3% of property is socially rented and 16.9% is privately owned outright.
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 39, Lanark Drive, Jarrow, 22.1% of residents are recorded as possessing school level qualifications and 17.6% 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 39, Lanark Drive, Jarrow, the average age was 39.8 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 39, Lanark Drive, Jarrow, 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 39, Lanark Drive, Jarrow, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.