According to the public record, Flat 1, 5, Seafield Terrace, South Shields is a modern Leasehold apartment with 312 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 5, Seafield Terrace, South Shields, NE33.
Seafield Terrace, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
Flat 1, 5, Seafield Terrace, South Shields has 31 entries in the Land Registry database, most recently in March 2007 and a single entry in the EPC database dated March 2015.
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 Flat 1 5 Seafield Terrace South Shields as £81,198 and the rental value as £467 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 1 5 Seafield Terrace South Shields has increased by £1,492 (1.8%) and its rental value has increased by £44 per month (9.4%).
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 Flat 1, 5, Seafield Terrace, South Shields is in very good condition we estimate a sale value of £85,258 and rental value of £490 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £75,514 and a rental value of £434 per month.
If you were able to purchase this property for the estimated value of £81,198, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £399 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, Flat 1, 5, Seafield Terrace, South Shields was last sold on 30 Mar 2007 for £245,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2007, the market for similar properties has risen 2.2%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 530 metres radius of Flat 1, 5, Seafield Terrace, South Shields over the last 2 years.
The most recent example is 7A, Seafield Terrace, South Shields, NE33 2NP, a Leasehold flat which sold for £70,000 in Jul 2019.
Read more about house prices in NE33.
Seafield Terrace, South Shields, NE33 has a total of 27 addresses. According to our analysis of all the public data, Flat 1, 5, Seafield Terrace, South Shields is the 20th largest and the 21st most expensive property on the street.
When compared to the postcode district it is £61k less expensive than the average property in NE33.
Flat 1, 5, Seafield Terrace, South Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Mar 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The closest station to Flat 1, 5, Seafield Terrace, South Shields is Northumberland Park (Tyne & Wear) station which is 7.2 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 Flat 1, 5, Seafield 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 Flat 1, 5, Seafield 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 Flat 1, 5, Seafield 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 Flat 1, 5, Seafield 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 Flat 1, 5, Seafield 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.