According to the public record, 42, Otterburn Road, North Shields is a mid-century freehold house with 1,227 ft2 of internal area and sits on a 249 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Otterburn Road, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
42, Otterburn Road, North Shields has 2 entries in the Land Registry database, most recently in June 2018 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 42 Otterburn Road North Shields as £348,179 and the rental value as £1,729 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 42 Otterburn Road North Shields has decreased by £196 (0.1%) and its rental value has increased by £117 per month (6.8%).
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 42, Otterburn Road, North Shields is in very good condition we estimate a sale value of £365,588 and rental value of £1,816 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £323,806 and a rental value of £1,608 per month.
If you were able to purchase this property for the estimated value of £348,179, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,711 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, 42, Otterburn Road, North Shields sits on a plot of 249m2.
We have plot size data on 10 out of 30 other houses in the postcode and 42, Otterburn Road, North Shields sits on the 4th largest plot.
According to HM Land Registry, 42, Otterburn Road, North Shields was last sold on 15 Jun 2018 for £302,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2018, the market for similar properties has risen 26.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Otterburn Road, North Shields within a radius of 530 metres over the last 2 years.
The most recent example is 31, West Dene Drive, North Shields, NE30 2SU, a Freehold house which sold for £360,000 in Jan 2022.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Otterburn Road, North Shields, NE29 has a total of 48 addresses. According to our analysis of all the public data, 42, Otterburn Road, North Shields is the 35th largest and the 42nd most expensive property on the street.
When compared to the postcode district it is £150k more expensive than the average property in NE29.
42, Otterburn Road, North Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 May 2012.
The property is connected to mains gas and has . It is heated using a boiler and radiators.
The closest station to 42, Otterburn Road, North Shields is Northumberland Park (Tyne & Wear) station which is 4.5 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, Otterburn Road, North Shields, 55.7% of property is privately owned outright and 37.9% 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 42, Otterburn Road, North Shields, 15.4% of residents are recorded as possessing school level qualifications and 33.2% 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, Otterburn Road, North Shields, the average age was 45.2 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, Otterburn Road, North Shields, 1.7% 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, Otterburn Road, North Shields, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.