According to the public record, Flat 2, 53, Saville Street, North Shields is a period leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 53, Saville Street, North Shields, NE30.
Saville Street, North Shields, NE30 is located in the borough of North Tyneside within the NE30 postal district.
Flat 2, 53, Saville Street, North Shields has 3 entries in the Land Registry database, most recently in May 2020 and a single entry in the EPC database dated January 2020.
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 53 Saville Street North Shields as £142,405 and the rental value as £938 per month giving an expected gross yield of 7.9%.
Over the last 12 months the sale value of Flat 2 53 Saville Street North Shields has increased by £2,105 (1.5%) and its rental value has increased by £84 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 Flat 2, 53, Saville Street, North Shields is in very good condition we estimate a sale value of £149,526 and rental value of £985 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £132,437 and a rental value of £873 per month.
If you were able to purchase this property for the estimated value of £142,405, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £700 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, 53, Saville Street, North Shields was last sold on 13 May 2020 for £54,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2020, the market for similar properties has risen 16.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 53, Saville Street, North Shields within a radius of 440 metres over the last 2 years.
The most recent example is 29, Union Stairs, North Shields, NE30 1NE, a Leasehold flat which sold for £127,500 in Oct 2023.
Read more about house prices in NE30.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Saville Street, North Shields, NE30 has a total of 18 addresses. According to our analysis of all the public data, Flat 2, 53, Saville Street, North Shields is the 11th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £175k less expensive than the average property in NE30.
Flat 2, 53, Saville Street, North Shields has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 14 Jan 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 2, 53, Saville 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 Flat 2, 53, Saville Street, North Shields, 50.6% of property is privately rented and 39.1% is socially 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 2, 53, Saville Street, North Shields, 13.5% of residents are recorded as possessing school level qualifications and 23.4% 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, 53, Saville 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 Flat 2, 53, Saville 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 Flat 2, 53, Saville Street, North Shields, there are an average of 0.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.