According to the public record, 9, Penman Place, North Shields is a mid-century apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Penman Place, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
9, Penman Place, North Shields has no records in the Land Registry database and a single entry in the EPC database dated July 2013.
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 9 Penman Place North Shields as £38,710 and the rental value as £312 per month giving an expected gross yield of 9.7%.
Over the last 12 months the sale value of 9 Penman Place North Shields has increased by £780 (2.0%) and its rental value has increased by £25 per month (7.9%).
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 9, Penman Place, North Shields is in very good condition we estimate a sale value of £40,646 and rental value of £328 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £36,000 and a rental value of £290 per month.
If you were able to purchase this property for the estimated value of £38,710, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £190 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 property sales within a 450 metres radius of 9, Penman Place, North Shields over the last 2 years.
The most recent example is 2, Penman Place, North Shields, NE29 6SY, a Freehold house which sold for £100,000 in Jan 2023.
Read more about house prices in NE29.
Penman Place, North Shields, NE29 has a total of 41 addresses. According to our analysis of all the public data, 9, Penman Place, North Shields is the 40th largest and the 40th most expensive property on the street.
When compared to the postcode district it is £160k less expensive than the average property in NE29.
9, Penman Place, North Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Jul 2013.
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 9, Penman Place, North Shields is Northumberland Park (Tyne & Wear) station which is 5.5 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 9, Penman Place, North Shields, 59.3% of property is socially rented and 14.1% 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 9, Penman Place, North Shields, 14.1% of residents are recorded as possessing school level qualifications and 23.0% 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 9, Penman Place, North Shields, the average age was 41 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 9, Penman Place, North Shields, 1.8% 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 9, Penman Place, North 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.