According to the public record, 4, Cromwell Terrace, North Shields is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 680 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Cromwell Terrace, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
4, Cromwell Terrace, North Shields has 41 entries in the Land Registry database, most recently in April 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 4 Cromwell Terrace North Shields as £128,185 and the rental value as £933 per month giving an expected gross yield of 8.7%.
Over the last 12 months the sale value of 4 Cromwell Terrace North Shields has increased by £1,872 (1.5%) and its rental value has increased by £83 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 4, Cromwell Terrace, North Shields is in very good condition we estimate a sale value of £134,594 and rental value of £979 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £119,212 and a rental value of £868 per month.
If you were able to purchase this property for the estimated value of £128,185, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £630 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, 4, Cromwell Terrace, North Shields was last sold on 30 Apr 2007 for £92,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Apr 2007, the market for similar properties has risen 25.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Cromwell Terrace, North Shields within a radius of 450 metres over the last 2 years.
The most recent example is 13, Cromwell Terrace, North Shields, NE29 0PA, a Leasehold flat which sold for £130,000 in Aug 2023.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cromwell Terrace, North Shields, NE29 has a total of 25 addresses. According to our analysis of all the public data, 4, Cromwell Terrace, North Shields is the 15th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £70k less expensive than the average property in NE29.
The closest station to 4, Cromwell Terrace, North Shields is Northumberland Park (Tyne & Wear) station which is 4.7 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 4, Cromwell Terrace, North Shields, 43.5% of property is privately owned with a mortgage and 29.0% 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 4, Cromwell Terrace, North Shields, 13.7% of residents are recorded as possessing school level qualifications and 39.0% 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 4, Cromwell Terrace, 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 4, Cromwell Terrace, 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 4, Cromwell Terrace, 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.