According to the public record, Flat 8, South Haven, South Shields is a modern leasehold apartment with 839 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in South Haven, Lawe Road, South Shields, NE33.
Lawe Road, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
Flat 8, South Haven, South Shields has 21 entries in the Land Registry database, most recently in June 2022 and a single entry in the EPC database dated March 2021.
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 8 South Haven South Shields as £162,088 and the rental value as £860 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 8 South Haven South Shields has increased by £3,279 (2.0%) and its rental value has increased by £81 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 8, South Haven, South Shields is in very good condition we estimate a sale value of £170,192 and rental value of £903 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £150,741 and a rental value of £800 per month.
If you were able to purchase this property for the estimated value of £162,088, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £797 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 8, South Haven, South Shields was last sold on 06 Jun 2022 for £145,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2022, the market for similar properties has risen 3.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, South Haven, South Shields within a radius of 590 metres over the last 2 years.
The most recent example is Flat 2, South Haven, Lawe Road, South Shields, NE33 2BD, a Leasehold flat which sold for £155,000 in Nov 2022.
Read more about house prices in NE33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lawe Road, South Shields, NE33 has a total of 115 addresses. According to our analysis of all the public data, Flat 8, South Haven, South Shields is the 76th largest and the 61st most expensive property on the street.
When compared to the postcode district it is £20k more expensive than the average property in NE33.
Flat 8, South Haven, South Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Mar 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an electric boiler and radiators.
The closest station to Flat 8, South Haven, South Shields is Northumberland Park (Tyne & Wear) station which is 7.0 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 8, South Haven, South Shields, 35.1% of property is privately rented and 33.3% is privately owned outright.
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 8, South Haven, South Shields, 22.7% of residents are recorded as possessing school level qualifications and 29.1% 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 8, South Haven, South Shields, the average age was 41.4 and the most common age was 42.
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 8, South Haven, South Shields, 0.4% 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 8, South Haven, South Shields, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.