According to the public record, 5, Arran Place, North Shields is a mid-century apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Arran Place, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
5, Arran Place, North Shields has no records in the Land Registry database and a single entry in the EPC database dated January 2013.
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 5 Arran Place North Shields as £107,604 and the rental value as £789 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of 5 Arran Place North Shields has increased by £1,383 (1.3%) and its rental value has increased by £67 per month (8.5%).
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 5, Arran Place, North Shields is in very good condition we estimate a sale value of £112,985 and rental value of £828 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £100,072 and a rental value of £734 per month.
If you were able to purchase this property for the estimated value of £107,604, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £529 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 3 sales of properties similar to 5, Arran Place, North Shields within a radius of 560 metres over the last 2 years.
The most recent example is 19, Langholm Avenue, North Shields, NE29 8DH, a Leasehold flat which sold for £80,000 in Feb 2024.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Arran Place, North Shields, NE29 has a total of 12 addresses. According to our analysis of all the public data, 5, Arran Place, North Shields is the 4th largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £91k less expensive than the average property in NE29.
5, Arran Place, North Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Jan 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 5, Arran Place, North Shields is Northumberland Park (Tyne & Wear) station which is 2.6 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 5, Arran Place, North Shields, 50.0% of property is privately owned outright and 33.3% 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 5, Arran Place, North Shields, 9.7% of residents are recorded as possessing school level qualifications and 32.2% 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 5, Arran Place, North Shields, the average age was 39.4 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 5, Arran Place, 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 5, Arran Place, North Shields, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.