Key Street Insights
Spence Terrace is a residential street with 43 addresses.
It ranks as the 393rd largest and 80th most expensive of the 538 streets in the NE29 area. The most common property type is a period flat built between 1800 and 1911.
The street contains a total of 43 properties: 5 houses, 35 flats and 3 other properties.
- Ave. Sale Price
- £115,622
- 10 Year change
- up 44.1%
- Ave. Rental Price
- £795pcm
- 10 Year change
- up 49.7%
- Ave. £ per ft²
- £139/ft²
- Ave. Gross Yield
- 8.3%/year/yr
Key Street Insights
Spence Terrace is a residential street with 43 addresses.
It ranks as the 393rd largest and 80th most expensive of the 538 streets in the NE29 area. The most common property type is a period flat built between 1800 and 1911.
The street contains a total of 43 properties: 5 houses, 35 flats and 3 other properties.
- Ave. Sale Price
- £115,622
- 10 Year change
- up 44.1%
- Ave. Rental Price
- £795pcm
- 10 Year change
- up 49.7%
- Ave. £ per ft²
- £139/ft²
- Ave. Gross Yield
- 8.3%/year/yr
Explore Properties on Spence Terrace, North Shields, NE29
- 1 Spence Terrace
2 Bed Period Flat
- 2 Spence Terrace
2 Bed Period Flat
- 3 Spence Terrace
3 Bed House
- 4 Spence Terrace
2 Bed Period Flat
- 5 Spence Terrace
2 Bed Period Flat
Sales Market Trends
The last sale on Spence Terrace sold for £67,000 on 28th July 2023. Since then prices are up an average of 11.7%.
The current average value in the street is £115,622.
The Spence Terrace Sales Market has increased by 44.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| July 2026 | 2.8% | £115,622 |
| July 2025 | 5.1% | £112,473 |
| July 2024 | 3.2% | £106,981 |
| July 2023 | 4.6% | £103,626 |
| July 2022 | 9% | £99,080 |
| July 2021 | 5.4% | £90,923 |
| July 2020 | 1.1% | £86,239 |
| July 2019 | 2% | £85,340 |
| July 2018 | -0.6% | £83,703 |
| July 2017 | 4.9% | £84,221 |
| July 2016 | -2% | £80,263 |
| July 2015 | 2% | £81,926 |
| July 2014 | 2.1% | £80,290 |
| July 2013 | 1% | £78,632 |
| July 2012 | 2% | £77,837 |
| July 2011 | -0.8% | £76,331 |
| July 2010 | 4.2% | £76,943 |
| July 2009 | -11.9% | £73,825 |
| July 2008 | -5% | £83,758 |
| July 2007 | 0% | £88,198 |
Rental Market Trends
The current average rental value in the street is £795.
The Spence Terrace Rental Market has increased by 49.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| July 2026 | 5.3% | £795pcm |
| July 2025 | 1.7% | £755pcm |
| July 2024 | 10.4% | £742pcm |
| July 2023 | 9.9% | £673pcm |
| July 2022 | 8.7% | £612pcm |
| July 2021 | 4.9% | £563pcm |
| July 2020 | 3.3% | £537pcm |
| July 2019 | -0.8% | £520pcm |
| July 2018 | -0.8% | £524pcm |
| July 2017 | -0.6% | £528pcm |
| July 2016 | 0.5% | £531pcm |
| July 2015 | 0.6% | £528pcm |
| July 2014 | 0.3% | £525pcm |
| July 2013 | 0.7% | £523pcm |
| July 2012 | 0.4% | £520pcm |
| July 2011 | 1.5% | £517pcm |
| July 2010 | 1.5% | £509pcm |
| July 2009 | -5.9% | £502pcm |
| July 2008 | 3.2% | £533pcm |
| July 2007 | 0% | £517pcm |
Sales History
The last recorded sale was on 28th July 2023 for £67,000 and since then the market in the area has increased by 11.7%.
Spence Terrace, North Shields, NE29 has had 3 sales since 1995, with 2 in the last three years and none in the last twelve months.
- Sold Jul 2023£67,000 | 2 Bed Flat11, Spence Terrace, North Shields, NE29 0JD11, Spence Terrace, North Shields, NE29 0JD
- Sold Apr 2023£75,000 | 2 Bed Flat7, Spence Terrace, North Shields, NE29 0JD7, Spence Terrace, North Shields, NE29 0JD
- Sold Dec 2022£176,400 | 3 Bed House15, Spence Terrace, North Shields, NE29 0JD15, Spence Terrace, North Shields, NE29 0JD
Top 3 Most Expensive Sales
- Sold Dec 2022£176,400 | 3 Bed House15, Spence Terrace, North Shields, NE29 0JD15, Spence Terrace, North Shields, NE29 0JD
- Sold Aug 2020£135,000 | 3 Bed House15, Spence Terrace, North Shields, NE29 0JD15, Spence Terrace, North Shields, NE29 0JD
- Sold Nov 2011£125,000 | 3 Bed Flat12, Spence Terrace, North Shields, NE29 0JD12, Spence Terrace, North Shields, NE29 0JD
Nearby Streets
Spence Terrace, North Shields, NE29 is the 393rd largest and the 80th most expensive street in the NE29 area.
- Hopper Street West, North Shields, NE2923 Addresses|68 m away
- Spring Gardens, North Shields, NE2944 Addresses|105 m away
- York Terrace, North Shields, NE2920 Addresses|112 m away
- Albion Road West, North Shields, NE2919 Addresses|114 m away
- South Preston Grove, North Shields, NE298 Addresses|124 m away
- Hylton Terrace, North Shields, NE2921 Addresses|124 m away
Sections of this street
There are 2 postcodes on Spence Terrace, North Shields, NE29.
- House prices in NE29 0JD29 Addresses
- House prices in NE29 0JE14 Addresses
Property Types
- 4 period houses built between 1800 and 1911
- 33 period flats built between 1800 and 1911
- 1 mid-century flat built between 1936 and 1979
- 1 house of an unknown age
- 1 flat of an unknown age
- 3 other addresses of unknown type
- period house (4)
- period flat (33)
- mid-century flat (1)
- house (1)
- flat (1)
- Unknown (3)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 37 properties.
- The most common rating is D.
- A (0)
- E (3)
- B (0)
- F (1)
- C (12)
- G (0)
- D (21)
- No EPC (6)
Schools Nearby
- St Cuthbert's Catholic Primary School, North Shields300 m away
- Spring Gardens Primary School300 m away
- Waterville Primary School600 m away
- Norham High School1.1 km away
- John Spence Community High School1.5 km away
- St Thomas More Catholic High School1.7 km away
More reading links
Public Transport Nearby
The closest station to Spence Terrace, North Shields, NE29 is Northumberland Park (Tyne & Wear) station, which is 4.9 kilometres away.
- Northumberland Park (Tyne & Wear)|4.9 km away
- Heworth|9.0 km away
- Seaton Delaval|9.1 km away
