According to the public record, Flat 1, 57, Percy Park Road, North Shields is a period leasehold apartment and with 495 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 57, Percy Park Road, North Shields, NE30.
Percy Park Road, North Shields, NE30 is located in the borough of North Tyneside within the NE30 postal district.
Flat 1, 57, Percy Park Road, North Shields has a single entry in the Land Registry database from July 2022 and no records in the EPC database.
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 57 Percy Park Road North Shields as £190,624 and the rental value as £1,130 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of Flat 1 57 Percy Park Road North Shields has increased by £1,583 (0.8%) and its rental value has increased by £105 per month (9.3%).
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 Flat 1, 57, Percy Park Road, North Shields is in very good condition we estimate a sale value of £200,155 and rental value of £1,186 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £177,280 and a rental value of £1,051 per month.
If you were able to purchase this property for the estimated value of £190,624, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £937 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, 57, Percy Park Road, North Shields was last sold on 07 Jul 2022 for £185,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2022, the market for similar properties has risen 5.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 57, Percy Park Road, North Shields within a radius of 198m over the last 2 years.
The most recent example is Flat 2, 3, Warkworth Terrace, North Shields, NE30 4ES, a Leasehold flat which sold for £165,000 in Mar 2023.
Read more about house prices in NE30.
Percy Park Road, North Shields, NE30 has a total of 60 addresses. According to our analysis of all the public data, Flat 1, 57, Percy Park Road, North Shields is the 55th largest and the 58th most expensive property on the street.
When compared to the postcode district it is £127k less expensive than the average property in NE30.
Flat 1, 57, Percy Park Road, North Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Feb 2021.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 1, 57, Percy Park Road, North Shields is Northumberland Park (Tyne & Wear) station which is 6.2 km 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, 57, Percy Park Road, North Shields, 38.5% of property is privately owned with a mortgage and 26.9% 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 Flat 1, 57, Percy Park Road, North Shields, 17.2% of residents are recorded as possessing school level qualifications and 57.8% 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 Flat 1, 57, Percy Park Road, North Shields, the average age was 45.8 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 Flat 1, 57, Percy Park Road, 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 Flat 1, 57, Percy Park Road, North Shields, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.