According to the public record, 7, Laet Street, North Shields is a period leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Laet Street, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
7, Laet Street, North Shields has 2 entries in the Land Registry database, most recently in January 2024 and a single entry in the EPC database dated July 2023.
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 7 Laet Street North Shields as £81,789 and the rental value as £622 per month giving an expected gross yield of 9.1%.
Over the last 12 months the sale value of 7 Laet Street North Shields has increased by £1,602 (2.0%) and its rental value has increased by £51 per month (8.2%).
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, Laet Street, North Shields is in very good condition we estimate a sale value of £85,878 and rental value of £653 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £76,064 and a rental value of £578 per month.
If you were able to purchase this property for the estimated value of £81,789, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £402 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, Laet Street, North Shields was last sold on 30 Jan 2024 for £77,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2024, the market for similar properties has risen 6.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Laet Street, North Shields within a radius of 440 metres over the last 2 years.
The most recent example is 13, Waldo Street, North Shields, NE29 6NJ, a Leasehold flat which sold for £70,000 in Feb 2024.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Laet Street, North Shields, NE29 has a total of 42 addresses. According to our analysis of all the public data, 7, Laet Street, North Shields is the 19th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £116k less expensive than the average property in NE29.
7, Laet Street, North Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Jul 2023.
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 7, Laet Street, North Shields is Northumberland Park (Tyne & Wear) station which is 5.6 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, Laet Street, North Shields, 41.7% of property is privately rented and 27.8% is socially 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, Laet Street, North Shields, 10.7% of residents are recorded as possessing school level qualifications and 21.4% 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 7, Laet Street, North Shields, the average age was 44 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, Laet Street, North Shields, 0.0% 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, Laet Street, 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.