48, Verne Road - NE29 7LT
Key Building Insights
48, Verne Road is a residential building situated on Verne Road, North Shields, NE29 with 2 addresses.
It ranks as the 156th largest of the 332 buildings in the NE29 area.
The building contains a total of 2 properties: 1 flat and 1 other property.
- Ave. Sale Price
- £93,432
- 10 Year change
- up 39.5%
- Ave. Rental Price
- £697pcm
- 10 Year change
- up 44.8%
- Ave. £ per ft²
- £164/ft²
- Ave. Gross Yield
- 9.0%/year/yr
Key Building Insights
48, Verne Road is a residential building situated on Verne Road, North Shields, NE29 with 2 addresses.
It ranks as the 156th largest of the 332 buildings in the NE29 area.
The building contains a total of 2 properties: 1 flat and 1 other property.
- Ave. Sale Price
- £93,432
- 10 Year change
- up 39.5%
- Ave. Rental Price
- £697pcm
- 10 Year change
- up 44.8%
- Ave. £ per ft²
- £164/ft²
- Ave. Gross Yield
- 9.0%/year/yr
Explore Properties on Verne Road, North Shields, NE29
- 48A Verne Road
Early-century Flat
- 48 Verne Road
2 Bed Early-century Flat
Sales Market Trends
The last sale in 48, Verne Road sold for £150,000 on 25th October 2016. Since then prices are down an average of 0.0%.
The current average value in the building is £93,432.
The 48, Verne Road Sales Market has increased by 39.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| July 2026 | 3.4% | £93,432 |
| July 2025 | 4.7% | £90,325 |
| July 2024 | 3.4% | £86,240 |
| July 2023 | 4.1% | £83,386 |
| July 2022 | 8.4% | £80,125 |
| July 2021 | 4.5% | £73,935 |
| July 2020 | 0.6% | £70,748 |
| July 2019 | 1.7% | £70,303 |
| July 2018 | -1.1% | £69,108 |
| July 2017 | 4.3% | £69,900 |
| July 2016 | -2.6% | £66,994 |
| July 2015 | 1.2% | £68,747 |
| July 2014 | 1.3% | £67,916 |
| July 2013 | 0.5% | £67,056 |
| July 2012 | 1.7% | £66,693 |
| July 2011 | -1% | £65,565 |
| July 2010 | 2.5% | £66,238 |
| July 2009 | -13.2% | £64,599 |
| July 2008 | -5.6% | £74,382 |
| July 2007 | 0% | £78,822 |
Rental Market Trends
The current average rental value in the building is £697.
The 48, Verne Road Rental Market has increased by 44.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| July 2026 | 6% | £697pcm |
| July 2025 | 1.2% | £658pcm |
| July 2024 | 10.6% | £650pcm |
| July 2023 | 9.3% | £588pcm |
| July 2022 | 8% | £538pcm |
| July 2021 | 4% | £498pcm |
| July 2020 | 3% | £479pcm |
| July 2019 | -1.1% | £465pcm |
| July 2018 | -1.3% | £470pcm |
| July 2017 | -1.2% | £476pcm |
| July 2016 | 0.1% | £481pcm |
| July 2015 | -0.1% | £481pcm |
| July 2014 | -0.5% | £481pcm |
| July 2013 | 0.2% | £484pcm |
| July 2012 | 0.2% | £483pcm |
| July 2011 | 1.3% | £482pcm |
| July 2010 | -0.2% | £476pcm |
| July 2009 | -7.2% | £476pcm |
| July 2008 | 2.6% | £513pcm |
| July 2007 | 0% | £500pcm |
Sales History
The last recorded sale was on 25th October 2016 for £150,000 and since then the market in the area has remained stable.
48, Verne Road, North Shields, NE29 7LT has had 3 sales since 1995, none of them in the last three years.
- Sold Oct 2016£150,000 | 2 Bed Flat48, Verne Road, North Shields, NE29 7LT48, Verne Road, North Shields, NE29 7LT
- Sold Feb 2004£30,000 | 2 Bed Flat48, Verne Road, North Shields, NE29 7LT48, Verne Road, North Shields, NE29 7LT
- Sold Feb 2004£20,000 | 2 Bed Flat48A, Verne Road, North Shields, NE29 7LT48A, Verne Road, North Shields, NE29 7LT
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 1 property.
- The most common rating is D.
- A (0)
- E (0)
- B (0)
- F (0)
- C (0)
- G (0)
- D (1)
- No EPC (1)
Top 3 Most Expensive Sales
- Sold Jan 2022£330,000 | 4 Bed House7, Verne Road, North Shields, NE29 7LP7, Verne Road, North Shields, NE29 7LP
- Sold Jun 2025£260,000 | 4 Bed House206, Verne Road, North Shields, NE29 7DR206, Verne Road, North Shields, NE29 7DR
- Sold Nov 2025£250,000 | 3 Bed House19, Verne Road, North Shields, NE29 7LP19, Verne Road, North Shields, NE29 7LP
Schools Nearby
- Collingwood Primary School300 m away
- St Joseph's Catholic Primary School, North Shields700 m away
- Whitehouse Primary School800 m away
- Norham High School700 m away
- St Thomas More Catholic High School900 m away
- John Spence Community High School1.7 km away
More reading links
Public Transport Nearby
The closest station to 48, Verne Road, North Shields, NE29 7LT is Northumberland Park (Tyne & Wear) station, which is 4.0 kilometres away.
- Northumberland Park (Tyne & Wear)|4.0 km away
- Seaton Delaval|8.3 km away
- Heworth|8.7 km away
- Manors|9.7 km away
