According to the public record, 7 Stephenson House, North Shields is a modern leasehold apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Stephenson House, Stephenson Street, North Shields, NE30.
Stephenson Street, North Shields, NE30 is located in the borough of North Tyneside within the NE30 postal district.
7 Stephenson House, North Shields has a single entry in the Land Registry database from March 2017 and a single entry in the EPC database dated February 2017.
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 Stephenson House North Shields as £74,739 and the rental value as £567 per month giving an expected gross yield of 9.1%.
Over the last 12 months the sale value of 7 Stephenson House North Shields has increased by £1,105 (1.5%) and its rental value has increased by £51 per month (8.9%).
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 Stephenson House, North Shields is in very good condition we estimate a sale value of £78,476 and rental value of £596 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £69,507 and a rental value of £528 per month.
If you were able to purchase this property for the estimated value of £74,739, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £367 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 Stephenson House, North Shields was last sold on 09 Mar 2017 for £63,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2017, the market for similar properties has risen 23.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7 Stephenson House, North Shields within a radius of 430 metres over the last 2 years.
The most recent example is 18 Stephenson House, Stephenson Street, North Shields, NE30 1QA, a Leasehold flat which sold for £56,750 in Mar 2021.
Read more about house prices in NE30.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Stephenson Street, North Shields, NE30 has a total of 67 addresses. According to our analysis of all the public data, 7 Stephenson House, North Shields is the 64th largest and the 62nd most expensive property on the street.
When compared to the postcode district it is £243k less expensive than the average property in NE30.
7 Stephenson House, North Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Feb 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using Electric storage heaters, radiators.
The closest station to 7 Stephenson House, North Shields is Northumberland Park (Tyne & Wear) station which is 5.4 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 Stephenson House, North Shields, 41.6% of property is privately rented and 24.7% 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 Stephenson House, North Shields, 8.4% of residents are recorded as possessing school level qualifications and 38.1% 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 Stephenson House, 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 Stephenson House, 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 Stephenson 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.