According to the public record, 5, Drake Close, South Shields is a modern leasehold house with 271 ft2 of internal area and sits on a 399 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Drake Close, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
5, Drake Close, South Shields has 21 entries in the Land Registry database, most recently in June 2015 and a single entry in the EPC database dated September 2008.
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 Drake Close South Shields as £89,676 and the rental value as £466 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 5 Drake Close South Shields has increased by £2,548 (2.8%) and its rental value has increased by £50 per month (10.7%).
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, Drake Close, South Shields is in very good condition we estimate a sale value of £94,159 and rental value of £489 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £83,398 and a rental value of £433 per month.
If you were able to purchase this property for the estimated value of £89,676, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £441 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, 5, Drake Close, South Shields sits on a plot of 399m2.
We have plot size data on 32 out of 36 other houses in the postcode and 5, Drake Close, South Shields sits on the largest plot.
According to HM Land Registry, 5, Drake Close, South Shields was last sold on 26 Jun 2015 for £24,000 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since Jun 2015, the market for similar properties has risen 28.4%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 490 metres radius of 5, Drake Close, South Shields over the last 2 years.
The most recent example is 3, Drake Close, South Shields, NE33 5DE, a Leasehold flat which sold for £23,750 in Oct 2022.
Read more about house prices in NE33.
Drake Close, South Shields, NE33 has a total of 49 addresses. According to our analysis of all the public data, 5, Drake Close, South Shields is the 36th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £52k less expensive than the average property in NE33.
5, Drake Close, South Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Sep 2008.
The property is not connected to mains gas and has single glazed windows. It is heated using electric storage heaters.
The closest station to 5, Drake Close, South Shields is Northumberland Park (Tyne & Wear) station which is 7.3 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, Drake Close, South Shields, 38.6% of property is privately owned outright and 31.4% 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, Drake Close, South Shields, 9.9% of residents are recorded as possessing school level qualifications and 24.8% 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, Drake Close, South Shields, the average age was 40.6 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 5, Drake Close, South Shields, 0.8% 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, Drake Close, South Shields, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.