According to the public record, 7 Fletcher House, North Shields is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 526 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Fletcher House, St. Johns Green, North Shields, NE29.
St. Johns Green, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
7 Fletcher House, North Shields has 31 entries in the Land Registry database, most recently in September 2016 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 7 Fletcher House North Shields as £39,473 and the rental value as £318 per month giving an expected gross yield of 9.7%.
Over the last 12 months the sale value of 7 Fletcher House North Shields has increased by £814 (2.1%) and its rental value has increased by £26 per month (8.1%).
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 7 Fletcher House, North Shields is in very good condition we estimate a sale value of £41,446 and rental value of £334 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £36,710 and a rental value of £296 per month.
If you were able to purchase this property for the estimated value of £39,473, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £194 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, 7 Fletcher House, North Shields was last sold on 02 Sep 2016 for £30,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2016, the market for similar properties has risen 22.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7 Fletcher House, North Shields within a radius of 660 metres over the last 2 years.
The most recent example is 34, St. Stephens Way, North Shields, NE29 6JF, a Leasehold flat which sold for £38,000 in Sep 2019.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
St. Johns Green, North Shields, NE29 has a total of 108 addresses. According to our analysis of all the public data, 7 Fletcher House, North Shields is the 61st largest and the 74th most expensive property on the street.
When compared to the postcode district it is £159k less expensive than the average property in NE29.
The closest station to 7 Fletcher House, North Shields is Northumberland Park (Tyne & Wear) station which is 5.0 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 7 Fletcher House, North Shields, 33.6% of property is socially rented and 29.5% 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 7 Fletcher House, North Shields, 9.5% of residents are recorded as possessing school level qualifications and 21.9% 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 7 Fletcher House, North Shields, the average age was 41 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 7 Fletcher House, North Shields, 1.3% 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 7 Fletcher House, North 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.