According to the public record, 41, Redesdale Grove, North Shields is a mid-century leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Redesdale Grove, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
41, Redesdale Grove, North Shields has 2 entries in the Land Registry database, most recently in February 2022 and a single entry in the EPC database dated May 2012.
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 Redesdale Grove North Shields as £84,870 and the rental value as £673 per month giving an expected gross yield of 9.5%.
Over the last 12 months the sale value of 41 Redesdale Grove North Shields has increased by £1,544 (1.8%) and its rental value has increased by £56 per month (8.3%).
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, Redesdale Grove, North Shields is in very good condition we estimate a sale value of £89,114 and rental value of £707 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £78,929 and a rental value of £626 per month.
If you were able to purchase this property for the estimated value of £84,870, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £417 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, Redesdale Grove, North Shields was last sold on 02 Feb 2022 for £80,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2022, the market for similar properties has risen 6.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, Redesdale Grove, North Shields within a radius of 570 metres over the last 2 years.
The most recent example is 36, Redesdale Grove, North Shields, NE29 7DY, a Leasehold flat which sold for £90,000 in Aug 2023.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Redesdale Grove, North Shields, NE29 has a total of 37 addresses. According to our analysis of all the public data, 41, Redesdale Grove, North Shields is the 20th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £113k less expensive than the average property in NE29.
41, Redesdale Grove, North Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 May 2012.
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, Redesdale Grove, North Shields is Northumberland Park (Tyne & Wear) station which is 3.7 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 41, Redesdale Grove, North Shields, 38.5% of property is socially rented and 29.1% 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 41, Redesdale Grove, North Shields, 22.9% 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 41, Redesdale Grove, North Shields, the average age was 36.9 and the most common age was 12.
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, Redesdale Grove, 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 41, Redesdale Grove, North Shields, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.