According to the public record, 8B, Hylton Street, North Shields is a period leasehold apartment with 1,517 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 8, Hylton Street, North Shields, NE29.
Hylton Street, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
8B, Hylton Street, North Shields has 4 entries in the Land Registry database, most recently in June 2022 and a single entry in the EPC database dated October 2019.
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 8B Hylton Street North Shields as £116,910 and the rental value as £857 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of 8B Hylton Street North Shields has increased by £2,380 (2.0%) and its rental value has increased by £68 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 8B, Hylton Street, North Shields is in very good condition we estimate a sale value of £122,755 and rental value of £900 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £108,726 and a rental value of £797 per month.
If you were able to purchase this property for the estimated value of £116,910, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £575 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, 8B, Hylton Street, North Shields was last sold on 27 Jun 2022 for £113,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jun 2022, the market for similar properties has risen 3.1%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 8B, Hylton Street, North Shields within a radius of 370 metres over the last 2 years.
The most recent example is 36A, Stanley Street West, North Shields, NE29 6RG, a Leasehold flat which sold for £109,000 in May 2020.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hylton Street, North Shields, NE29 has a total of 35 addresses. According to our analysis of all the public data, 8B, Hylton Street, North Shields is the 6th largest and the 25th most expensive property on the street.
When compared to the postcode district it is £81k less expensive than the average property in NE29.
8B, Hylton Street, North Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Oct 2019.
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 8B, Hylton Street, North Shields is Northumberland Park (Tyne & Wear) station which is 5.3 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 8B, Hylton Street, North Shields, 37.0% of property is privately rented and 25.0% 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 8B, Hylton Street, North Shields, 16.8% of residents are recorded as possessing school level qualifications and 32.0% 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 8B, Hylton Street, 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 8B, Hylton Street, North 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 8B, Hylton Street, North Shields, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.