According to the public record, 46, Richardson Avenue, South Shields is a mid-century apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Richardson Avenue, South Shields, NE34 is located in the borough of South Tyneside within the NE34 postal district.
46, Richardson Avenue, South Shields has no records in the Land Registry database and a single entry in the EPC database dated May 2024.
We combine this information with public data 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 46 Richardson Avenue South Shields as £27,634 and the rental value as £209 per month giving an expected gross yield of 9.1%.
Over the last 12 months the sale value of 46 Richardson Avenue South Shields has increased by £642 (2.3%) and its rental value has increased by £20 per month (9.4%).
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 46, Richardson Avenue, South Shields is in very good condition we estimate a sale value of £29,016 and rental value of £220 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £25,699 and a rental value of £195 per month.
If you were able to purchase this property for the estimated value of £27,634, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £136 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 the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 46, Richardson Avenue, South Shields within a radius of 490 metres over the last 2 years.
The most recent example is 58, Richardson Avenue, South Shields, NE34 9RF, a Leasehold flat which sold for £25,500 in Jun 2011.
Read more about house prices in NE34.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richardson Avenue, South Shields, NE34 has a total of 37 addresses. According to our analysis of all the public data, 46, Richardson Avenue, South Shields is the 24th largest and the 32nd most expensive property on the street.
When compared to the postcode district it is £114k less expensive than the average property in NE34.
46, Richardson Avenue, South Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 May 2024.
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 46, Richardson Avenue, South Shields is Heworth station which is 6.5 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 46, Richardson Avenue, South Shields, 35.8% of property is socially rented and 25.0% 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 46, Richardson Avenue, South Shields, 17.1% of residents are recorded as possessing school level qualifications and 20.9% 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 46, Richardson Avenue, South Shields, the average age was 39.8 and the most common age was 32.
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 46, Richardson 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 46, Richardson 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.