According to the public record, 71, Addison Street, North Shields is a period apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Addison Street, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
71, Addison Street, North Shields has no recent1 records in the Land Registry database and a single entry in the EPC database dated October 2019.
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 71 Addison Street North Shields as £82,867 and the rental value as £637 per month giving an expected gross yield of 9.2%.
Over the last 12 months the sale value of 71 Addison Street North Shields has increased by £1,778 (2.1%) and its rental value has increased by £51 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 71, Addison Street, North Shields is in very good condition we estimate a sale value of £87,010 and rental value of £669 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £77,066 and a rental value of £593 per month.
If you were able to purchase this property for the estimated value of £82,867, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £407 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, 71, Addison Street, North Shields was last sold on 13 Dec 2002 for £40,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 71, Addison Street, North Shields within a radius of 430 metres over the last 2 years.
The most recent example is 13, Waldo Street, North Shields, NE29 6NJ, a Leasehold flat which sold for £70,000 in Feb 2024.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Addison Street, North Shields, NE29 has a total of 51 addresses. According to our analysis of all the public data, 71, Addison Street, North Shields is the 21st largest and the 19th most expensive property on the street.
When compared to the postcode district it is £115k less expensive than the average property in NE29.
71, Addison Street, North Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Oct 2019.
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 71, Addison Street, North Shields is Northumberland Park (Tyne & Wear) station which is 5.6 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 71, Addison Street, North Shields, 45.9% of property is socially rented and 36.9% is privately 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 71, Addison Street, North Shields, 12.1% of residents are recorded as possessing school level qualifications and 24.8% 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 71, Addison Street, North Shields, the average age was 41 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 71, Addison Street, 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 71, Addison Street, North Shields, there are an average of 0.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.