According to the public record, 62, Commercial Road, South Shields is a early-century house with 796 ft2 of internal area and sits on a 237 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Commercial Road, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
62, Commercial Road, South Shields has no records in the Land Registry database and a single entry in the EPC database dated April 2014.
We combine this information with public data 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 62 Commercial Road South Shields as £109,334 and the rental value as £661 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 62 Commercial Road South Shields has increased by £2,731 (2.5%) and its rental value has increased by £63 per month (9.5%).
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 62, Commercial Road, South Shields is in very good condition we estimate a sale value of £114,801 and rental value of £694 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £101,681 and a rental value of £615 per month.
If you were able to purchase this property for the estimated value of £109,334, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £537 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, 62, Commercial Road, South Shields sits on a plot of 237m2.
We have plot size data on 22 out of 36 other houses in the postcode and 62, Commercial Road, South Shields sits on the 3rd largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 62, Commercial Road, South Shields within a radius of 740 metres over the last 2 years.
The most recent example is 72, Commercial Road, South Shields, NE33 1SE, a Freehold house which sold for £98,000 in Jun 2021.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Commercial Road, South Shields, NE33 has a total of 93 addresses. According to our analysis of all the public data, 62, Commercial Road, South Shields is the 13th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £33k less expensive than the average property in NE33.
62, Commercial Road, South Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Apr 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 62, Commercial Road, South Shields is Northumberland Park (Tyne & Wear) station which is 6.9 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 62, Commercial Road, South Shields, 50.5% of property is socially rented and 20.7% is privately rented.
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 62, Commercial Road, South Shields, 14.6% of residents are recorded as possessing school level qualifications and 25.0% 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 62, Commercial Road, South Shields, the average age was 40.6 and the most common age was 32.
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 62, Commercial Road, 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 62, Commercial Road, South Shields, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.