According to the public record, 8, Salisbury Street, South Shields is a period leasehold apartment with 795 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Salisbury Street, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
8, Salisbury Street, South Shields has 51 entries in the Land Registry database, most recently in March 2012 and a single entry in the EPC database dated November 2008.
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 Salisbury Street South Shields as £94,230 and the rental value as £627 per month giving an expected gross yield of 8%.
Over the last 12 months the sale value of 8 Salisbury Street South Shields has increased by £1,978 (2.1%) and its rental value has increased by £61 per month (9.7%).
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, Salisbury Street, South Shields is in very good condition we estimate a sale value of £98,941 and rental value of £658 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £87,634 and a rental value of £583 per month.
If you were able to purchase this property for the estimated value of £94,230, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £463 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, 8, Salisbury Street, South Shields was last sold on 23 Mar 2012 for £79,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Mar 2012, the market for similar properties has risen 25.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Salisbury Street, South Shields within a radius of 460 metres over the last 2 years.
The most recent example is 24, Salisbury Street, South Shields, NE33 2SZ, a Leasehold flat which sold for £88,000 in Mar 2024.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Salisbury Street, South Shields, NE33 has a total of 44 addresses. According to our analysis of all the public data, 8, Salisbury Street, South Shields is the 16th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £48k less expensive than the average property in NE33.
8, Salisbury Street, South Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Nov 2008.
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, Salisbury Street, South Shields is Northumberland Park (Tyne & Wear) station which is 7.3 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, Salisbury Street, South Shields, 49.2% of property is privately rented and 23.8% is privately owned outright.
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, Salisbury Street, South Shields, 18.3% of residents are recorded as possessing school level qualifications and 26.9% 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, Salisbury Street, 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, Salisbury Street, South 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 8, Salisbury Street, South Shields, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.