According to the public record, 5, Preston Mews, North Shields is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,609 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Preston Mews, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
5, Preston Mews, North Shields has a single entry in the Land Registry database from August 2014 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 5 Preston Mews North Shields as £525,003 and the rental value as £2,233 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 5 Preston Mews North Shields has decreased by £1,642 (0.3%) and its rental value has increased by £155 per month (7.0%).
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, Preston Mews, North Shields is in very good condition we estimate a sale value of £551,253 and rental value of £2,345 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £488,253 and a rental value of £2,077 per month.
If you were able to purchase this property for the estimated value of £525,003, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,580 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, Preston Mews, North Shields was last sold on 29 Aug 2014 for £339,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2014, the market for similar properties has risen 42.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Preston Mews, North Shields within a radius of 380 metres over the last 2 years.
The most recent example is 2, Preston Mews, North Shields, NE29 0NF, a Freehold house which sold for £525,000 in Jun 2021.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Preston Mews, North Shields, NE29 has a total of 11 addresses. According to our analysis of all the public data, 5, Preston Mews, North Shields is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £327k more expensive than the average property in NE29.
The closest station to 5, Preston Mews, North Shields is Northumberland Park (Tyne & Wear) station which is 5.0 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, Preston Mews, North Shields, 44.4% of property is privately owned with a mortgage and 30.6% is privately rented.
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, Preston Mews, North Shields, 18.3% of residents are recorded as possessing school level qualifications and 50.8% 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, Preston Mews, North Shields, the average age was 44 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 5, Preston Mews, North Shields, 0.6% 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, Preston Mews, 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.