According to the public record, 7, Wood Terrace, South Shields is a period house with 2,545 ft2 of internal area and sits on a 321 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Wood Terrace, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
7, Wood Terrace, South Shields has no records in the Land Registry database and a single entry in the EPC database dated November 2009.
We combine this information with public data 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 Wood Terrace South Shields as £402,862 and the rental value as £1,138 per month giving an expected gross yield of 3.4%.
Over the last 12 months the sale value of 7 Wood Terrace South Shields has increased by £1,261 (0.3%) and its rental value has increased by £92 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, Wood Terrace, South Shields is in very good condition we estimate a sale value of £423,006 and rental value of £1,195 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £374,662 and a rental value of £1,058 per month.
If you were able to purchase this property for the estimated value of £402,862, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,980 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, Wood Terrace, South Shields sits on a plot of 321m2.
We have plot size data on 5 out of 8 other houses in the postcode and 7, Wood Terrace, South Shields sits on the 2nd largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Wood Terrace, South Shields within a radius of 430 metres over the last 2 years.
The most recent example is 4, Westoe Village, South Shields, NE33 3DZ, a Freehold house which sold for £400,000 in Jul 2022.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wood Terrace, South Shields, NE33 has a total of 10 addresses. According to our analysis of all the public data, 7, Wood Terrace, South Shields is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £261k more expensive than the average property in NE33.
7, Wood Terrace, South Shields has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 17 Nov 2009.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to 7, Wood Terrace, South Shields is Northumberland Park (Tyne & Wear) station which is 8.2 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, Wood Terrace, South Shields, 39.1% of property is privately owned outright and 20.3% 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, Wood Terrace, South Shields, 8.2% of residents are recorded as possessing school level qualifications and 26.5% 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, Wood Terrace, South Shields, the average age was 44.7 and the most common age was 62.
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, Wood Terrace, 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, Wood Terrace, 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.