According to the public record, 41, Derby Street, Jarrow is a period leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Derby Street, Jarrow, NE32 is located in the borough of South Tyneside within the NE32 postal district.
41, Derby Street, Jarrow has 31 entries in the Land Registry database, most recently in April 2012 and a single entry in the EPC database dated March 2020.
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 41 Derby Street Jarrow as £39,100 and the rental value as £302 per month giving an expected gross yield of 9.3%.
Over the last 12 months the sale value of 41 Derby Street Jarrow has increased by £1,286 (3.3%) and its rental value has increased by £29 per month (9.5%).
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 41, Derby Street, Jarrow is in very good condition we estimate a sale value of £41,055 and rental value of £317 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £36,363 and a rental value of £281 per month.
If you were able to purchase this property for the estimated value of £39,100, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £192 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, 41, Derby Street, Jarrow was last sold on 27 Apr 2012 for £32,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Apr 2012, the market for similar properties has risen 27.0%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 41, Derby Street, Jarrow within a radius of 770 metres over the last 2 years.
The most recent example is 17, Harold Street, Jarrow, NE32 3AH, a Leasehold flat which sold for £36,500 in Dec 2019.
Read more about house prices in NE32.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Derby Street, Jarrow, NE32 has a total of 31 addresses. According to our analysis of all the public data, 41, Derby Street, Jarrow is the 22nd largest and the 26th most expensive property on the street.
When compared to the postcode district it is £107k less expensive than the average property in NE32.
41, Derby Street, Jarrow has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Mar 2020.
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 41, Derby Street, Jarrow is Heworth station which is 5.8 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 41, Derby Street, Jarrow, 43.7% of property is privately rented and 24.4% is socially 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 41, Derby Street, Jarrow, 18.8% of residents are recorded as possessing school level qualifications and 21.4% 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 41, Derby Street, Jarrow, the average age was 42.3 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 41, Derby Street, Jarrow, 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 41, Derby Street, Jarrow, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.