According to the public record, 40, Spohr Terrace, South Shields is a leasehold house.
By comparing it to neighbours, we estimate that it is a modern house with 976 ft2 of internal area and sits on a 245 m2 plot and a garden.
Houses of this size in this area normally have 3 bedrooms.
Spohr Terrace, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
40, Spohr Terrace, South Shields has 41 entries in the Land Registry database, most recently in August 2014 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 40 Spohr Terrace South Shields as £210,699 and the rental value as £881 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 40 Spohr Terrace South Shields has increased by £3,203 (1.5%) and its rental value has increased by £80 per month (9.0%).
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 40, Spohr Terrace, South Shields is in very good condition we estimate a sale value of £221,234 and rental value of £925 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £195,950 and a rental value of £819 per month.
If you were able to purchase this property for the estimated value of £210,699, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,036 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, 40, Spohr Terrace, South Shields sits on a plot of 245m2.
We have plot size data on 22 out of 27 other houses in the postcode and 40, Spohr Terrace, South Shields sits on the 8th largest plot.
According to HM Land Registry, 40, Spohr Terrace, South Shields was last sold on 29 Aug 2014 for £166,500 and was recorded as a leasehold house.
The property has had 4 sales since 1995.
Since Aug 2014, the market for similar properties has risen 29.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Spohr Terrace, South Shields within a radius of 370 metres over the last 2 years.
The most recent example is 64, Spohr Terrace, South Shields, NE33 3LS, a Leasehold house which sold for £189,000 in Oct 2023.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spohr Terrace, South Shields, NE33 has a total of 95 addresses. According to our analysis of all the public data, 40, Spohr Terrace, South Shields is the 14th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £69k more expensive than the average property in NE33.
The closest station to 40, Spohr Terrace, South Shields is Northumberland Park (Tyne & Wear) station which is 7.6 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 40, Spohr Terrace, South Shields, 31.6% of property is privately owned outright and 31.1% 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 40, Spohr Terrace, South Shields, 11.7% of residents are recorded as possessing school level qualifications and 26.0% 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 40, Spohr Terrace, South Shields, the average age was 41.4 and the most common age was 42.
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 40, Spohr Terrace, South Shields, 0.6% 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 40, Spohr Terrace, 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.