According to the public record, 7, Laurel Heights, North Shields is a modern freehold house with 796 ft2 of internal area and sits on a 138 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Laurel Heights, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
7, Laurel Heights, North Shields has 2 entries in the Land Registry database, most recently in January 2021 and a single entry in the EPC database dated September 2020.
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 Laurel Heights North Shields as £153,835 and the rental value as £1,023 per month giving an expected gross yield of 8%.
Over the last 12 months the sale value of 7 Laurel Heights North Shields has increased by £3,098 (2.0%) and its rental value has increased by £83 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, Laurel Heights, North Shields is in very good condition we estimate a sale value of £161,527 and rental value of £1,074 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £143,067 and a rental value of £951 per month.
If you were able to purchase this property for the estimated value of £153,835, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £756 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, Laurel Heights, North Shields sits on a plot of 138m2.
We have plot size data on 12 out of 14 other houses in the postcode and 7, Laurel Heights, North Shields sits on the 2nd largest plot.
According to HM Land Registry, 7, Laurel Heights, North Shields was last sold on 13 Jan 2021 for £129,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jan 2021, the market for similar properties has risen 14.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Laurel Heights, North Shields within a radius of 400 metres over the last 2 years.
The most recent example is 32, Stormont Street, North Shields, NE29 0EY, a Freehold house which sold for £165,000 in Aug 2022.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Laurel Heights, North Shields, NE29 has a total of 14 addresses. According to our analysis of all the public data, 7, Laurel Heights, North Shields is the 9th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £44k less expensive than the average property in NE29.
7, Laurel Heights, North Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Sep 2020.
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, Laurel Heights, North Shields is Northumberland Park (Tyne & Wear) station which is 5.1 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 7, Laurel Heights, North Shields, 58.2% of property is privately rented and 25.9% 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 7, Laurel Heights, North Shields, 17.1% of residents are recorded as possessing school level qualifications and 30.6% 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, Laurel Heights, 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, Laurel Heights, 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, Laurel Heights, North 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.