According to the public record, 89, Chesterton Road, South Shields is a mid-century leasehold apartment with 365 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Chesterton Road, South Shields, NE34 is located in the borough of South Tyneside within the NE34 postal district.
89, Chesterton Road, South Shields has a single entry in the Land Registry database from January 2007 and a single entry in the EPC database dated December 2015.
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 89 Chesterton Road South Shields as £40,859 and the rental value as £306 per month giving an expected gross yield of 9%.
Over the last 12 months the sale value of 89 Chesterton Road South Shields has increased by £855 (2.1%) and its rental value has increased by £29 per month (9.4%).
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 89, Chesterton Road, South Shields is in very good condition we estimate a sale value of £42,902 and rental value of £321 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £37,999 and a rental value of £284 per month.
If you were able to purchase this property for the estimated value of £40,859, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £201 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, 89, Chesterton Road, South Shields was last sold on 08 Jan 2007 for £26,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2007, the market for similar properties has dropped 6.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 89, Chesterton Road, South Shields within a radius of 500 metres over the last 2 years.
The most recent example is 73, Heaton Gardens, South Shields, NE34 9UA, a Leasehold flat which sold for £39,000 in Apr 2022.
Read more about house prices in NE34.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chesterton Road, South Shields, NE34 has a total of 108 addresses. According to our analysis of all the public data, 89, Chesterton Road, South Shields is the 108th largest and the 108th most expensive property on the street.
When compared to the postcode district it is £101k less expensive than the average property in NE34.
89, Chesterton Road, South Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Dec 2015.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to 89, Chesterton Road, South Shields is Sunderland 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 89, Chesterton Road, South Shields, 50.7% of property is socially rented and 24.3% 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 89, Chesterton Road, South Shields, 18.5% of residents are recorded as possessing school level qualifications and 17.9% 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 89, Chesterton Road, South Shields, the average age was 36.7 and the most common age was 2.
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 89, Chesterton Road, 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 89, Chesterton Road, South Shields, there are an average of 0.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.