According to the public record, 5A, Belgrave Terrace, South Shields is a period leasehold apartment with 1,528 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in 5, Belgrave Terrace, South Shields, NE33.
Belgrave Terrace, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
5A, Belgrave Terrace, South Shields has 2 entries in the Land Registry database, most recently in January 2021 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 5A Belgrave Terrace South Shields as £147,370 and the rental value as £892 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 5A Belgrave Terrace South Shields has increased by £3,040 (2.1%) and its rental value has increased by £86 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 5A, Belgrave Terrace, South Shields is in very good condition we estimate a sale value of £154,739 and rental value of £937 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £137,054 and a rental value of £830 per month.
If you were able to purchase this property for the estimated value of £147,370, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £724 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, 5A, Belgrave Terrace, South Shields was last sold on 29 Jan 2021 for £135,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2021, the market for similar properties has risen 10.8%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 5A, Belgrave Terrace, South Shields within a radius of 470 metres over the last 2 years.
The most recent example is 150B, Beach Road, South Shields, NE33 2NN, a Leasehold flat which sold for £121,000 in Jan 2020.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Belgrave Terrace, South Shields, NE33 has a total of 8 addresses. According to our analysis of all the public data, 5A, Belgrave Terrace, South Shields is the 3rd largest and the 7th most expensive property on the street.
When compared to the postcode district it is £5k more expensive than the average property in NE33.
5A, Belgrave Terrace, South Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 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 5A, Belgrave Terrace, 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 5A, Belgrave Terrace, South Shields, 33.7% of property is privately owned outright and 23.6% 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 5A, Belgrave Terrace, South Shields, 18.7% of residents are recorded as possessing school level qualifications and 28.2% 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 5A, Belgrave Terrace, 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 5A, Belgrave Terrace, 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 5A, Belgrave Terrace, 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.