According to the public record, 25A, Westoe Road, South Shields is a period leasehold apartment with 1,205 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 25, Westoe Road, South Shields, NE33.
Westoe Road, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
25A, Westoe Road, South Shields has 21 entries in the Land Registry database, most recently in June 2016 and a single entry in the EPC database dated April 2016.
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 25A Westoe Road South Shields as £109,337 and the rental value as £681 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of 25A Westoe Road South Shields has increased by £2,184 (2.0%) and its rental value has increased by £65 per month (9.6%).
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 25A, Westoe Road, South Shields is in very good condition we estimate a sale value of £114,803 and rental value of £715 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £101,683 and a rental value of £634 per month.
If you were able to purchase this property for the estimated value of £109,337, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £537 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, 25A, Westoe Road, South Shields was last sold on 01 Jun 2016 for £95,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2016, the market for similar properties has risen 15.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 25A, Westoe Road, South Shields within a radius of 460 metres over the last 2 years.
The most recent example is 45, Wharton Street, South Shields, NE33 3JX, a Leasehold flat which sold for £118,000 in Aug 2022.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Westoe Road, South Shields, NE33 has a total of 162 addresses. According to our analysis of all the public data, 25A, Westoe Road, South Shields is the 64th largest and the 87th most expensive property on the street.
When compared to the postcode district it is £33k less expensive than the average property in NE33.
25A, Westoe Road, South Shields has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 12 Apr 2016.
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 25A, Westoe Road, 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 25A, Westoe Road, South Shields, 33.7% of property is privately owned outright and 28.9% 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 25A, Westoe Road, South Shields, 13.3% of residents are recorded as possessing school level qualifications and 25.6% 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 25A, Westoe Road, 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 25A, Westoe Road, 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 25A, Westoe Road, South Shields, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.