According to the public record, 7, Roman Road, South Shields is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 635 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Roman Road, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
7, Roman Road, South Shields has a single entry in the Land Registry database from December 2023 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 Roman Road South Shields as £73,871 and the rental value as £536 per month giving an expected gross yield of 8.7%.
Over the last 12 months the sale value of 7 Roman Road South Shields has increased by £1,224 (1.7%) and its rental value has increased by £48 per month (9.0%).
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, Roman Road, South Shields is in very good condition we estimate a sale value of £77,564 and rental value of £563 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £68,700 and a rental value of £498 per month.
If you were able to purchase this property for the estimated value of £73,871, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £363 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, Roman Road, South Shields was last sold on 04 Dec 2023 for £62,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2023, the market for similar properties has risen 5.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Roman Road, South Shields within a radius of 510 metres over the last 2 years.
The most recent example is 16, Roman Road, South Shields, NE33 2HA, a Leasehold flat which sold for £76,500 in Jun 2021.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Roman Road, South Shields, NE33 has a total of 115 addresses. According to our analysis of all the public data, 7, Roman Road, South Shields is the 101st largest and the 104th most expensive property on the street.
When compared to the postcode district it is £68k less expensive than the average property in NE33.
The closest station to 7, Roman 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 7, Roman Road, South Shields, 38.0% of property is privately rented and 32.4% 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, Roman Road, South Shields, 23.2% of residents are recorded as possessing school level qualifications and 37.4% 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, Roman Road, South Shields, the average age was 41.4 and the most common age was 42.
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, Roman Road, South Shields, 0.7% 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, Roman Road, South Shields, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.