According to the public record, 8, St. Gregorys Court, South Shields is a modern leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
St. Gregorys Court, South Shields, NE34 is located in the borough of South Tyneside within the NE34 postal district.
8, St. Gregorys Court, South Shields has a single entry in the Land Registry database from October 2019 and a single entry in the EPC database dated April 2019.
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 St. Gregorys Court South Shields as £79,294 and the rental value as £509 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 8 St. Gregorys Court South Shields has increased by £1,823 (2.3%) and its rental value has increased by £52 per month (10.2%).
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, St. Gregorys Court, South Shields is in very good condition we estimate a sale value of £83,259 and rental value of £534 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £73,743 and a rental value of £473 per month.
If you were able to purchase this property for the estimated value of £79,294, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £390 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, St. Gregorys Court, South Shields was last sold on 22 Oct 2019 for £65,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2019, the market for similar properties has risen 11.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, St. Gregorys Court, South Shields within a radius of 520 metres over the last 2 years.
The most recent example is 2, St. Gregorys Court, South Shields, NE34 6NR, a Leasehold flat which sold for £75,000 in Sep 2019.
Read more about house prices in NE34.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
St. Gregorys Court, South Shields, NE34 has a total of 17 addresses. According to our analysis of all the public data, 8, St. Gregorys Court, South Shields is the 10th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £63k less expensive than the average property in NE34.
8, St. Gregorys Court, South Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Apr 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 8, St. Gregorys Court, South Shields is Sunderland station which is 7.7 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, St. Gregorys Court, South Shields, 48.9% of property is privately owned outright and 21.6% 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, St. Gregorys Court, South Shields, 10.1% of residents are recorded as possessing school level qualifications and 40.0% 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, St. Gregorys Court, South Shields, the average age was 48.1 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 8, St. Gregorys Court, South Shields, 2.3% 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, St. Gregorys Court, South Shields, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.