According to the public record, 6, Verne Road, North Shields is a early-century freehold house with 764 ft2 of internal area and sits on a 248 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Verne Road, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
6, Verne Road, North Shields has 21 entries in the Land Registry database, most recently in February 2023 and a single entry in the EPC database dated February 2022.
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 6 Verne Road North Shields as £168,217 and the rental value as £1,128 per month giving an expected gross yield of 8%.
Over the last 12 months the sale value of 6 Verne Road North Shields has increased by £2,669 (1.6%) and its rental value has increased by £93 per month (8.3%).
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 6, Verne Road, North Shields is in very good condition we estimate a sale value of £176,628 and rental value of £1,184 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £156,442 and a rental value of £1,049 per month.
If you were able to purchase this property for the estimated value of £168,217, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £827 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, 6, Verne Road, North Shields sits on a plot of 248m2.
We have plot size data on 12 out of 19 other houses in the postcode and 6, Verne Road, North Shields sits on the 2nd largest plot.
According to HM Land Registry, 6, Verne Road, North Shields was last sold on 13 Feb 2023 for £173,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Feb 2023, the market for similar properties has risen 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, Verne Road, North Shields within a radius of 510 metres over the last 2 years.
The most recent example is 72, Billy Mill Avenue, North Shields, NE29 0QN, a Freehold house which sold for £200,000 in Sep 2022.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Verne Road, North Shields, NE29 has a total of 266 addresses. According to our analysis of all the public data, 6, Verne Road, North Shields is the 116th largest and the 56th most expensive property on the street.
When compared to the postcode district it is £30k less expensive than the average property in NE29.
6, Verne Road, North Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Feb 2022.
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 6, Verne Road, North Shields is Northumberland Park (Tyne & Wear) station which is 4.1 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 6, Verne Road, North Shields, 45.8% of property is privately owned outright and 33.3% 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 6, Verne Road, North Shields, 14.0% of residents are recorded as possessing school level qualifications and 24.5% 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 6, Verne Road, North Shields, the average age was 45.2 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 6, Verne Road, North Shields, 0.8% 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 6, Verne Road, North 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.