According to the public record, Flat, 3, Darras Drive, North Shields is a mid-century apartment with 979 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Darras Drive, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
Flat, 3, Darras Drive, North Shields has no records in the Land Registry database and a single entry in the EPC database dated March 2021.
We combine this information with public data 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 3 Darras Drive North Shields as £72,775 and the rental value as £533 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of Flat 3 Darras Drive North Shields has increased by £1,337 (1.8%) and its rental value has increased by £46 per month (8.6%).
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, 3, Darras Drive, North Shields is in very good condition we estimate a sale value of £76,414 and rental value of £560 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £67,681 and a rental value of £496 per month.
If you were able to purchase this property for the estimated value of £72,775, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £358 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 the Land Registry and our network of Estate Agents, there have been 3 property sales within a 700 metres radius of Flat, 3, Darras Drive, North Shields over the last 2 years.
The most recent example is 82, Norham Road North, North Shields, NE29 8RP, a Freehold house which sold for £117,000 in Jun 2017.
Read more about house prices in NE29.
Darras Drive, North Shields, NE29 has a total of 42 addresses. According to our analysis of all the public data, Flat, 3, Darras Drive, North Shields is the 3rd largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £125k less expensive than the average property in NE29.
Flat, 3, Darras Drive, North Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Mar 2021.
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 Flat, 3, Darras Drive, North Shields is Northumberland Park (Tyne & Wear) station which is 3.0 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, 3, Darras Drive, North Shields, 38.6% of property is privately owned with a mortgage and 33.1% 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, 3, Darras Drive, North Shields, 25.0% of residents are recorded as possessing school level qualifications and 19.0% 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, 3, Darras Drive, North Shields, the average age was 39.4 and the most common age was 12.
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, 3, Darras Drive, 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, 3, Darras Drive, North Shields, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.