According to the public record, 416, South Eldon Street, South Shields is a period leasehold apartment with 882 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
South Eldon Street, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
416, South Eldon Street, South Shields has a single entry in the Land Registry database from September 2014 and a single entry in the EPC database dated August 2019.
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 416 South Eldon Street South Shields as £72,301 and the rental value as £513 per month giving an expected gross yield of 8.5%.
Over the last 12 months the sale value of 416 South Eldon Street South Shields has increased by £1,464 (2.0%) and its rental value has increased by £50 per month (9.8%).
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 416, South Eldon Street, South Shields is in very good condition we estimate a sale value of £75,916 and rental value of £539 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £67,240 and a rental value of £477 per month.
If you were able to purchase this property for the estimated value of £72,301, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £355 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, 416, South Eldon Street, South Shields was last sold on 12 Sep 2014 for £62,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2014, the market for similar properties has risen 16.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 416, South Eldon Street, South Shields within a radius of 630 metres over the last 2 years.
The most recent example is 279, South Eldon Street, South Shields, NE33 5SX, a Leasehold flat which sold for £65,000 in Feb 2022.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
South Eldon Street, South Shields, NE33 has a total of 137 addresses. According to our analysis of all the public data, 416, South Eldon Street, South Shields is the 15th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £70k less expensive than the average property in NE33.
416, South Eldon Street, South Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Aug 2019.
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 416, South Eldon Street, 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 416, South Eldon Street, South Shields, 44.8% of property is privately rented and 24.1% 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 416, South Eldon Street, South Shields, 13.4% of residents are recorded as possessing school level qualifications and 18.1% 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 416, South Eldon Street, South Shields, the average age was 42.1 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 416, South Eldon Street, South 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 416, South Eldon Street, South Shields, 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.