According to the public record, 7, Lane Corner, South Shields is a mid-century freehold house with 928 ft2 of internal area and sits on a 123 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lane Corner, South Shields, NE34 is located in the borough of South Tyneside within the NE34 postal district.
7, Lane Corner, South Shields has 31 entries in the Land Registry database, most recently in March 2006 and a single entry in the EPC database dated March 2011.
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 Lane Corner South Shields as £151,446 and the rental value as £786 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 7 Lane Corner South Shields has increased by £3,570 (2.4%) and its rental value has increased by £80 per month (10.2%).
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, Lane Corner, South Shields is in very good condition we estimate a sale value of £159,018 and rental value of £825 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £140,844 and a rental value of £731 per month.
If you were able to purchase this property for the estimated value of £151,446, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £744 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, 7, Lane Corner, South Shields sits on a plot of 123m2.
We have plot size data on 5 out of 17 other houses in the postcode and 7, Lane Corner, South Shields sits on the 5th largest plot.
According to HM Land Registry, 7, Lane Corner, South Shields was last sold on 23 Mar 2006 for £106,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Lane Corner, South Shields within a radius of 490 metres over the last 2 years.
The most recent example is 1, Lane Corner, South Shields, NE34 0XA, a Freehold house which sold for £137,000 in Apr 2023.
Read more about house prices in NE34.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lane Corner, South Shields, NE34 has a total of 17 addresses. According to our analysis of all the public data, 7, Lane Corner, South Shields is the 12th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £9k more expensive than the average property in NE34.
7, Lane Corner, South Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Mar 2011.
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, Lane Corner, South Shields is Heworth station which is 7.8 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 7, Lane Corner, South Shields, 47.8% of property is socially rented and 26.1% 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 7, Lane Corner, South Shields, 17.2% of residents are recorded as possessing school level qualifications and 17.8% 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, Lane Corner, South Shields, the average age was 42.3 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, Lane Corner, South 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, Lane Corner, South Shields, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.