According to the public record, Flat 4, Wingrove House 102, South Shields is a mid-century apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Wingrove House, Olive Street, South Shields, NE33.
Olive Street, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
Flat 4, Wingrove House 102, South Shields has no records in the Land Registry database and a single entry in the EPC database dated June 2012.
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 4 Wingrove House 102 South Shields as £52,901 and the rental value as £392 per month giving an expected gross yield of 8.9%.
Over the last 12 months the sale value of Flat 4 Wingrove House 102 South Shields has increased by £938 (1.8%) and its rental value has increased by £38 per month (9.6%).
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 4, Wingrove House 102, South Shields is in very good condition we estimate a sale value of £55,546 and rental value of £412 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £49,198 and a rental value of £365 per month.
If you were able to purchase this property for the estimated value of £52,901, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £260 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 sales of properties similar to Flat 4, Wingrove House 102, South Shields within a radius of 430 metres over the last 2 years.
The most recent example is 292, Stanhope Road, South Shields, NE33 4QZ, a Leasehold flat which sold for £56,000 in Mar 2021.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Olive Street, South Shields, NE33 has a total of 103 addresses. According to our analysis of all the public data, Flat 4, Wingrove House 102, South Shields is the 72nd largest and the 65th most expensive property on the street.
When compared to the postcode district it is £89k less expensive than the average property in NE33.
Flat 4, Wingrove House 102, South Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Jun 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 4, Wingrove House 102, South Shields is Heworth station which is 8.0 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 4, Wingrove House 102, South Shields, 42.1% of property is socially rented and 25.2% 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 4, Wingrove House 102, South Shields, 12.3% of residents are recorded as possessing school level qualifications and 19.1% 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 4, Wingrove House 102, South Shields, the average age was 42.3 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 4, Wingrove House 102, South Shields, 1.1% 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 4, Wingrove House 102, South Shields, there are an average of 0.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.