According to the public record, 8, Petworth Close, South Shields is a mid-century apartment with 947 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Petworth Close, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
8, Petworth Close, South Shields has no records in the Land Registry database and a single entry in the EPC database dated February 2023.
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 8 Petworth Close South Shields as £61,215 and the rental value as £433 per month giving an expected gross yield of 8.5%.
Over the last 12 months the sale value of 8 Petworth Close South Shields has increased by £1,029 (1.7%) and its rental value has increased by £39 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 8, Petworth Close, South Shields is in very good condition we estimate a sale value of £64,276 and rental value of £455 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £56,930 and a rental value of £403 per month.
If you were able to purchase this property for the estimated value of £61,215, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £301 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Petworth Close, South Shields within a radius of 500 metres over the last 2 years.
The most recent example is 74, Longleat Gardens, South Shields, NE33 2NS, a Leasehold flat which sold for £65,000 in Feb 2024.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Petworth Close, South Shields, NE33 has a total of 20 addresses. According to our analysis of all the public data, 8, Petworth Close, South Shields is the 16th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £81k less expensive than the average property in NE33.
8, Petworth Close, South Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Feb 2023.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 8, Petworth Close, South Shields is Northumberland Park (Tyne & Wear) station which is 7.1 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, Petworth Close, South Shields, 44.9% of property is socially rented and 24.5% 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 8, Petworth Close, South Shields, 39.7% of residents are recorded as possessing school level qualifications and 18.6% 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, Petworth Close, 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 8, Petworth Close, South Shields, 0.6% 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, Petworth Close, South 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.