According to the public record, 59, Salmon Street, South Shields is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 577 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Salmon Street, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
59, Salmon Street, South Shields has 31 entries in the Land Registry database, most recently in September 2017 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 59 Salmon Street South Shields as £97,293 and the rental value as £632 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 59 Salmon Street South Shields has increased by £1,612 (1.7%) and its rental value has increased by £57 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 59, Salmon Street, South Shields is in very good condition we estimate a sale value of £102,158 and rental value of £664 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £90,483 and a rental value of £588 per month.
If you were able to purchase this property for the estimated value of £97,293, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £478 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, 59, Salmon Street, South Shields was last sold on 15 Sep 2017 for £45,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2017, the market for similar properties has risen 24.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 59, Salmon Street, South Shields within a radius of 500 metres over the last 2 years.
The most recent example is 20, Julian Street, South Shields, NE33 2EP, a Leasehold flat which sold for £91,000 in Jan 2023.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Salmon Street, South Shields, NE33 has a total of 74 addresses. According to our analysis of all the public data, 59, Salmon Street, South Shields is the 72nd largest and the 73rd most expensive property on the street.
When compared to the postcode district it is £45k less expensive than the average property in NE33.
The closest station to 59, Salmon Street, South Shields is Northumberland Park (Tyne & Wear) station which is 6.8 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 59, Salmon Street, South Shields, 43.1% of property is privately owned with a mortgage and 34.2% 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 59, Salmon Street, South Shields, 24.5% of residents are recorded as possessing school level qualifications and 29.6% 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 59, Salmon 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 59, Salmon Street, South Shields, 2.5% 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 59, Salmon Street, South Shields, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.