According to the public record, 8, Abbots Way, North Shields is a modern leasehold house with 1,593 ft2 of internal area and sits on a 507 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Abbots Way, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
8, Abbots Way, North Shields has 21 entries in the Land Registry database, most recently in February 2019 and a single entry in the EPC database dated September 2018.
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 8 Abbots Way North Shields as £416,322 and the rental value as £1,870 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 8 Abbots Way North Shields has decreased by £2,840 (0.7%) and its rental value has increased by £135 per month (7.2%).
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 8, Abbots Way, North Shields is in very good condition we estimate a sale value of £437,138 and rental value of £1,964 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £387,179 and a rental value of £1,739 per month.
If you were able to purchase this property for the estimated value of £416,322, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,046 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, 8, Abbots Way, North Shields sits on a plot of 507m2.
We have plot size data on 34 out of 43 other houses in the postcode and 8, Abbots Way, North Shields sits on the 7th largest plot.
According to HM Land Registry, 8, Abbots Way, North Shields was last sold on 15 Feb 2019 for £388,000 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since Feb 2019, the market for similar properties has risen 27.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Abbots Way, North Shields within a radius of 700 metres over the last 2 years.
The most recent example is 174, Abbots Way, North Shields, NE29 8LY, a Freehold house which sold for £359,950 in Sep 2023.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Abbots Way, North Shields, NE29 has a total of 260 addresses. According to our analysis of all the public data, 8, Abbots Way, North Shields is the 35th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £218k more expensive than the average property in NE29.
8, Abbots Way, North Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Sep 2018.
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 8, Abbots Way, North Shields is Northumberland Park (Tyne & Wear) station which is 3.3 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 8, Abbots Way, North Shields, 48.9% of property is privately owned outright and 43.9% 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 8, Abbots Way, North Shields, 18.0% of residents are recorded as possessing school level qualifications and 41.6% 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 8, Abbots Way, North Shields, the average age was 45.1 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 8, Abbots Way, North Shields, 1.7% 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 8, Abbots Way, North Shields, there are an average of 1.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.