According to the public record, 42, Farne Avenue, South Shields is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 775 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Farne Avenue, South Shields, NE34 is located in the borough of South Tyneside within the NE34 postal district.
42, Farne Avenue, South Shields has a single entry in the Land Registry database from August 2006 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 42 Farne Avenue South Shields as £103,988 and the rental value as £625 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 42 Farne Avenue South Shields has increased by £3,218 (3.1%) and its rental value has increased by £69 per month (11.0%).
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 42, Farne Avenue, South Shields is in very good condition we estimate a sale value of £109,188 and rental value of £656 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £96,709 and a rental value of £581 per month.
If you were able to purchase this property for the estimated value of £103,988, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £511 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, 42, Farne Avenue, South Shields was last sold on 31 Aug 2006 for £85,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Farne Avenue, South Shields within a radius of 500 metres over the last 2 years.
The most recent example is 21, Frenchmans Way, South Shields, NE34 7TS, a Freehold house which sold for £90,000 in Jun 2023.
Read more about house prices in NE34.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Farne Avenue, South Shields, NE34 has a total of 52 addresses. According to our analysis of all the public data, 42, Farne Avenue, South Shields is the 21st largest and the 17th most expensive property on the street.
When compared to the postcode district it is £38k less expensive than the average property in NE34.
The closest station to 42, Farne Avenue, South Shields is Sunderland station which is 8.6 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 42, Farne Avenue, South Shields, 72.8% of property is socially rented and 9.6% 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 42, Farne Avenue, South Shields, 33.5% of residents are recorded as possessing school level qualifications and 16.0% 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 42, Farne Avenue, South Shields, the average age was 43.9 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 42, Farne Avenue, 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 42, Farne Avenue, South Shields, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.