According to the public record, 5 Chapel House, South Shields is a period leasehold apartment with 1,905 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Chapel House, Westoe Village, South Shields, NE33.
Westoe Village, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
5 Chapel House, South Shields has a single entry in the Land Registry database from June 2016 and a single entry in the EPC database dated August 2013.
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 5 Chapel House South Shields as £201,854 and the rental value as £1,029 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 5 Chapel House South Shields has increased by £4,847 (2.4%) and its rental value has increased by £106 per month (10.3%).
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 Chapel House, South Shields is in very good condition we estimate a sale value of £211,947 and rental value of £1,080 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £187,725 and a rental value of £957 per month.
If you were able to purchase this property for the estimated value of £201,854, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £992 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, 5 Chapel House, South Shields was last sold on 01 Jun 2016 for £135,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2016, the market for similar properties has risen 11.1%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 460 metres radius of 5 Chapel House, South Shields over the last 2 years.
The most recent example is 4 Chapel House, Westoe Village, South Shields, NE33 3EQ, a Leasehold flat which sold for £209,000 in Apr 2023.
Read more about house prices in NE33.
Westoe Village, South Shields, NE33 has a total of 67 addresses. According to our analysis of all the public data, 5 Chapel House, South Shields is the 18th largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £60k more expensive than the average property in NE33.
5 Chapel House, South Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Aug 2013.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to 5 Chapel House, South Shields is Northumberland Park (Tyne & Wear) station which is 8.1 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 Chapel House, South Shields, 50.4% of property is privately owned outright and 31.5% 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 Chapel House, South Shields, 14.5% of residents are recorded as possessing school level qualifications and 40.1% 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 5 Chapel House, South Shields, the average age was 44.7 and the most common age was 62.
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 Chapel House, South Shields, 2.9% 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 Chapel House, South Shields, there are an average of 1.3 cars per household.
See below for how this compares to North East and the rest of England & Wales.