According to the public record, 53, Erskine Road, South Shields is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,106 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Erskine Road, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
53, Erskine Road, South Shields has 31 entries in the Land Registry database, most recently in May 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 53 Erskine Road South Shields as £106,972 and the rental value as £583 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 53 Erskine Road South Shields has increased by £1,626 (1.5%) and its rental value has increased by £53 per month (9.0%).
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 53, Erskine Road, South Shields is in very good condition we estimate a sale value of £112,320 and rental value of £612 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £99,484 and a rental value of £542 per month.
If you were able to purchase this property for the estimated value of £106,972, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £526 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, 53, Erskine Road, South Shields was last sold on 09 May 2014 for £130,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since May 2014, the market for similar properties has risen 31.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 53, Erskine Road, South Shields within a radius of 430 metres over the last 2 years.
The most recent example is 79, Wharton Street, South Shields, NE33 3JX, a Freehold house which sold for £72,000 in Jan 2019.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Erskine Road, South Shields, NE33 has a total of 54 addresses. According to our analysis of all the public data, 53, Erskine Road, South Shields is the 13th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £35k less expensive than the average property in NE33.
The closest station to 53, Erskine Road, South Shields is Northumberland Park (Tyne & Wear) station which is 7.4 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 53, Erskine Road, South Shields, 49.2% of property is privately rented and 23.8% is privately owned outright.
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 53, Erskine Road, South Shields, 18.3% of residents are recorded as possessing school level qualifications and 26.9% 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 53, Erskine Road, South Shields, the average age was 41.4 and the most common age was 42.
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 53, Erskine Road, 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 53, Erskine Road, 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.