According to the public record, Flat 2, 40, Percy Park, North Shields is a period leasehold apartment and with 322 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 40, Percy Park, North Shields, NE30.
Percy Park, North Shields, NE30 is located in the borough of North Tyneside within the NE30 postal district.
Flat 2, 40, Percy Park, North Shields has 41 entries in the Land Registry database, most recently in April 2020 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 2 40 Percy Park North Shields as £128,955 and the rental value as £808 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of Flat 2 40 Percy Park North Shields has increased by £1,097 (0.9%) and its rental value has increased by £76 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 2, 40, Percy Park, North Shields is in very good condition we estimate a sale value of £135,403 and rental value of £848 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £119,928 and a rental value of £751 per month.
If you were able to purchase this property for the estimated value of £128,955, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £634 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 2, 40, Percy Park, North Shields was last sold on 17 Apr 2020 for £150,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Apr 2020, the market for similar properties has risen 17.2%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 2, 40, Percy Park, North Shields within a radius of 0m over the last 2 years.
The most recent example is Flat 4, 40, Percy Park, North Shields, NE30 4JX, a Leasehold flat which sold for £108,750 in Nov 2023.
Read more about house prices in NE30.
Percy Park, North Shields, NE30 has a total of 108 addresses. According to our analysis of all the public data, Flat 2, 40, Percy Park, North Shields is the 102nd largest and the 106th most expensive property on the street.
When compared to the postcode district it is £189k less expensive than the average property in NE30.
Flat 2, 40, Percy Park, North Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Mar 2018.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to Flat 2, 40, Percy Park, North Shields is Northumberland Park (Tyne & Wear) station which is 6.0 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 2, 40, Percy Park, North Shields, 39.0% of property is privately owned outright and 34.6% 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 2, 40, Percy Park, North Shields, 17.2% of residents are recorded as possessing school level qualifications and 65.0% 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 Flat 2, 40, Percy Park, 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 2, 40, Percy Park, North Shields, 2.2% 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 2, 40, Percy Park, North Shields, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.