According to the public record, 56, Baring Street, South Shields is a period leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Baring Street, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
56, Baring Street, South Shields has 2 entries in the Land Registry database, most recently in December 2020 and a single entry in the EPC database dated June 2016.
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 56 Baring Street South Shields as £47,029 and the rental value as £340 per month giving an expected gross yield of 8.7%.
Over the last 12 months the sale value of 56 Baring Street South Shields has increased by £779 (1.7%) and its rental value has increased by £31 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 56, Baring Street, South Shields is in very good condition we estimate a sale value of £49,381 and rental value of £357 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £43,737 and a rental value of £317 per month.
If you were able to purchase this property for the estimated value of £47,029, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £231 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, 56, Baring Street, South Shields was last sold on 18 Dec 2020 for £31,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2020, the market for similar properties has risen 13.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Baring Street, South Shields within a radius of 490 metres over the last 2 years.
The most recent example is 23, Morton Walk, South Shields, NE33 2EA, a Leasehold flat which sold for £50,000 in Mar 2024.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Baring Street, South Shields, NE33 has a total of 110 addresses. According to our analysis of all the public data, 56, Baring Street, South Shields is the 93rd largest and the 106th most expensive property on the street.
When compared to the postcode district it is £95k less expensive than the average property in NE33.
56, Baring Street, South Shields has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 30 Jun 2016.
The property is connected to mains gas and has single glazed windows. It is heated using electric storage heaters.
The closest station to 56, Baring Street, South Shields is Northumberland Park (Tyne & Wear) station which is 6.7 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 56, Baring Street, South Shields, 38.4% of property is privately owned with a mortgage and 30.1% 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 56, Baring Street, South Shields, 22.4% of residents are recorded as possessing school level qualifications and 23.9% 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 56, Baring Street, 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 56, Baring Street, South Shields, 0.3% 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 56, Baring Street, 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.