According to the public record, 56, Grays Walk, South Shields is a mid-century freehold house with 796 ft2 of internal area and sits on a 130 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Grays Walk, South Shields, NE34 is located in the borough of South Tyneside within the NE34 postal district.
56, Grays Walk, South Shields has 31 entries in the Land Registry database, most recently in June 2014 and a single entry in the EPC database dated March 2014.
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 Grays Walk South Shields as £108,906 and the rental value as £659 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 56 Grays Walk South Shields has increased by £3,680 (3.4%) and its rental value has increased by £69 per month (10.5%).
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, Grays Walk, South Shields is in very good condition we estimate a sale value of £114,351 and rental value of £692 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £101,283 and a rental value of £613 per month.
If you were able to purchase this property for the estimated value of £108,906, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £535 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, 56, Grays Walk, South Shields sits on a plot of 130m2.
We have plot size data on 31 out of 45 other houses in the postcode and 56, Grays Walk, South Shields sits on the 12th largest plot.
According to HM Land Registry, 56, Grays Walk, South Shields was last sold on 20 Jun 2014 for £65,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jun 2014, the market for similar properties has risen 32.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Grays Walk, South Shields within a radius of 600 metres over the last 2 years.
The most recent example is 25, Grays Walk, South Shields, NE34 9LT, a Freehold house which sold for £124,000 in Aug 2023.
Read more about house prices in NE34.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grays Walk, South Shields, NE34 has a total of 67 addresses. According to our analysis of all the public data, 56, Grays Walk, South Shields is the 39th largest and the 37th most expensive property on the street.
When compared to the postcode district it is £33k less expensive than the average property in NE34.
56, Grays Walk, South Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Mar 2014.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 56, Grays Walk, South Shields is Heworth 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, Grays Walk, South Shields, 39.8% of property is socially rented and 26.3% 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 56, Grays Walk, South Shields, 23.3% of residents are recorded as possessing school level qualifications and 16.4% 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, Grays Walk, South Shields, the average age was 36.7 and the most common age was 2.
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, Grays Walk, South Shields, 0.7% 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, Grays Walk, South Shields, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.