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8 Mitre Place is a residential building situated on Mitre Place, South Shields, NE33 with 3 addresses.
It ranks as the 194th largest and 75th most expensive of the 263 buildings in the NE33 area.
The building contains a total of 3 properties: 3 flats.
8 Mitre Place is a residential building situated on Mitre Place, South Shields, NE33 with 3 addresses.
It ranks as the 194th largest and 75th most expensive of the 263 buildings in the NE33 area.
The building contains a total of 3 properties: 3 flats.
Sale prices range from £71,485 for 2 bedroom leasehold flats with a garden (645 ft2) to £71,485 for 2 bedroom leasehold flats with a garden (645 ft2) .
Monthly rental prices range from £497 pcm for 2 bed flats to £497 pcm for 2 bed flats.
The gross rental yield is between 8.3% and 8.3%.
The average value per square foot is £111.
The last sale in 8 Mitre Place sold for £65,000 on 11th June 2021. Since then prices are down an average of 0.0%.
The current average value in the building is £71,485.
The 8 Mitre Place Sales Market has increased by 17.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.1% | £71,485 |
| May 2025 | 1.7% | £71,567 |
| May 2024 | 4.9% | £70,349 |
| May 2023 | -3.1% | £67,075 |
| May 2022 | 7.6% | £69,188 |
| May 2021 | 5% | £64,289 |
| May 2020 | 2.2% | £61,250 |
| May 2019 | -0.7% | £59,925 |
| May 2018 | 1.4% | £60,335 |
| May 2017 | -2.6% | £59,511 |
| May 2016 | -0.4% | £61,073 |
| May 2015 | 0.6% | £61,306 |
| May 2014 | 1.3% | £60,934 |
| May 2013 | -1.3% | £60,136 |
| May 2012 | -4.7% | £60,912 |
| May 2011 | -0.6% | £63,940 |
| May 2010 | -1.2% | £64,335 |
| May 2009 | -12.8% | £65,113 |
| May 2008 | -2.6% | £74,658 |
| May 2007 | 0% | £76,684 |
The current average rental value in the building is £497.
The 8 Mitre Place Rental Market has increased by 39.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.5% | £497pcm |
| May 2025 | 2.4% | £484pcm |
| May 2024 | 10.4% | £473pcm |
| May 2023 | 9.4% | £429pcm |
| May 2022 | 9.4% | £392pcm |
| May 2021 | 3.5% | £358pcm |
| May 2020 | 0.8% | £346pcm |
| May 2019 | -0.6% | £343pcm |
| May 2018 | -1.5% | £345pcm |
| May 2017 | -1.8% | £350pcm |
| May 2016 | -0.1% | £357pcm |
| May 2015 | -0.3% | £357pcm |
| May 2014 | -1.1% | £358pcm |
| May 2013 | -0.6% | £362pcm |
| May 2012 | 0% | £365pcm |
| May 2011 | 0% | £364pcm |
| May 2010 | -2.6% | £364pcm |
| May 2009 | -5.9% | £374pcm |
| May 2008 | 3.2% | £398pcm |
| May 2007 | 0% | £385pcm |
The last sale was on 11th June 2021 for £65,000 and since then the market in the area has remained stable. The building has had a total of 2 sales since 1995.
8, Mitre Place, South Shields, NE33 5TB has seen no sales in the last three years and no sales in the last twelve months.
The closest station to 8, Mitre Place, South Shields, NE33 5TB is Northumberland Park (Tyne & Wear) station which is 7.4 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around 8, Mitre Place, South Shields, NE33 5TB, 44.8% of property is privately rented and 24.1% is privately owned outright.
The graph below shows how this compares to North East 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 8, Mitre Place, South Shields, NE33 5TB, 13.4% of residents are recorded as possessing school level qualifications and 18.1% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 8, Mitre Place, South Shields, NE33 5TB, the average age was 42.1 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 8, Mitre Place, South Shields, NE33 5TB, 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 8, Mitre Place, South Shields, NE33 5TB, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.