According to the public record, Apartment 7, 26, Grosvenor Road, South Shields is a modern leasehold apartment with 947 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 26, Grosvenor Road, South Shields, NE33.
Grosvenor Road, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
Apartment 7, 26, Grosvenor Road, South Shields has a single entry in the Land Registry database from May 2015 and a single entry in the EPC database dated July 2014.
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 Apartment 7 26 Grosvenor Road South Shields as £179,179 and the rental value as £927 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Apartment 7 26 Grosvenor Road South Shields has increased by £4,297 (2.4%) and its rental value has increased by £96 per month (10.3%).
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 Apartment 7, 26, Grosvenor Road, South Shields is in very good condition we estimate a sale value of £188,138 and rental value of £973 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £166,637 and a rental value of £862 per month.
If you were able to purchase this property for the estimated value of £179,179, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £881 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, Apartment 7, 26, Grosvenor Road, South Shields was last sold on 01 May 2015 for £138,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2015, the market for similar properties has risen 12.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 7, 26, Grosvenor Road, South Shields within a radius of 540 metres over the last 2 years.
The most recent example is 10, Rockcliffe, South Shields, NE33 3JH, a Leasehold flat which sold for £220,000 in Oct 2023.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grosvenor Road, South Shields, NE33 has a total of 135 addresses. According to our analysis of all the public data, Apartment 7, 26, Grosvenor Road, South Shields is the 98th largest and the 118th most expensive property on the street.
When compared to the postcode district it is £37k more expensive than the average property in NE33.
Apartment 7, 26, Grosvenor Road, South Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Jul 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Apartment 7, 26, Grosvenor Road, South Shields is Northumberland Park (Tyne & Wear) station which is 8.4 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 Apartment 7, 26, Grosvenor Road, South Shields, 71.9% of property is privately owned outright and 25.2% 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 Apartment 7, 26, Grosvenor Road, South Shields, 13.9% of residents are recorded as possessing school level qualifications and 42.8% 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 Apartment 7, 26, Grosvenor Road, 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 Apartment 7, 26, Grosvenor Road, South Shields, 0.7% 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 Apartment 7, 26, Grosvenor Road, South Shields, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.