According to the public record, 117B, Norfolk Street, North Shields is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 788 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 117, Norfolk Street, North Shields, NE30.
Norfolk Street, North Shields, NE30 is located in the borough of North Tyneside within the NE30 postal district.
117B, Norfolk Street, North Shields has 2 entries in the Land Registry database, most recently in December 2010 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 117B Norfolk Street North Shields as £164,351 and the rental value as £999 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 117B Norfolk Street North Shields has increased by £2,429 (1.5%) and its rental value has increased by £89 per month (8.9%).
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 117B, Norfolk Street, North Shields is in very good condition we estimate a sale value of £172,569 and rental value of £1,049 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £152,847 and a rental value of £929 per month.
If you were able to purchase this property for the estimated value of £164,351, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £808 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, 117B, Norfolk Street, North Shields was last sold on 10 Dec 2010 for £105,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2010, the market for similar properties has risen 34.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 117B, Norfolk Street, North Shields within a radius of 460 metres over the last 2 years.
The most recent example is 22, Union Street, North Shields, NE30 1NL, a Leasehold flat which sold for £131,500 in Apr 2023.
Read more about house prices in NE30.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Norfolk Street, North Shields, NE30 has a total of 37 addresses. According to our analysis of all the public data, 117B, Norfolk Street, North Shields is the 36th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £153k less expensive than the average property in NE30.
The closest station to 117B, Norfolk Street, North Shields is Northumberland Park (Tyne & Wear) station which is 5.6 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 117B, Norfolk Street, North Shields, 64.7% of property is socially rented and 27.3% 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 117B, Norfolk Street, North Shields, 3.3% 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 117B, Norfolk Street, North Shields, the average age was 44 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 117B, Norfolk Street, North Shields, 0.8% 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 117B, Norfolk Street, North Shields, there are an average of 0.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.