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Spring Terrace is a residential street with 27 addresses.
It ranks as the 287th largest and 517th most expensive of the 538 streets in the NE29 area. The dominant property type is a period house built between 1800 and 1911.
The street contains a total of 27 properties: 23 houses and 4 flats.
Spring Terrace is a residential street with 27 addresses.
It ranks as the 287th largest and 517th most expensive of the 538 streets in the NE29 area. The dominant property type is a period house built between 1800 and 1911.
The street contains a total of 27 properties: 23 houses and 4 flats.
Sale prices range from £85,452 for 2 bedroom leasehold flats with a garden (683 ft2) to £477,840 for 5 bedroom freehold houses with a garden (3,196 ft2) .
Monthly rental prices range from £610 pcm for 2 bed flats to £2,281 pcm for 5 bed houses.
The gross rental yield is between 5.6% and 8.9%.
The average value per square foot is £184.
The last sale on Spring Terrace sold for £380,000 on 16th June 2023. Since then prices are up an average of 5.3%.
The current average value in the street is £337,969.
The Spring Terrace Sales Market has increased by 41.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0.5% | £337,969 |
| May 2025 | 4.3% | £336,315 |
| May 2024 | 1.5% | £322,529 |
| May 2023 | 8.6% | £317,719 |
| May 2022 | 7.4% | £292,555 |
| May 2021 | 4.9% | £272,476 |
| May 2020 | 1.5% | £259,742 |
| May 2019 | 1.2% | £255,781 |
| May 2018 | 0.9% | £252,867 |
| May 2017 | 4.5% | £250,500 |
| May 2016 | 0.2% | £239,768 |
| May 2015 | 2.6% | £239,391 |
| May 2014 | 2.5% | £233,345 |
| May 2013 | 2% | £227,579 |
| May 2012 | 1% | £223,214 |
| May 2011 | -0.1% | £220,987 |
| May 2010 | 5.9% | £221,217 |
| May 2009 | -11.3% | £208,840 |
| May 2008 | -1.1% | £235,495 |
| May 2007 | 0% | £238,231 |
The current average rental value in the street is £1,644.
The Spring Terrace Rental Market has increased by 46.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.2% | £1,644pcm |
| May 2025 | 2% | £1,608pcm |
| May 2024 | 10.1% | £1,577pcm |
| May 2023 | 11.1% | £1,432pcm |
| May 2022 | 7.9% | £1,289pcm |
| May 2021 | 5.1% | £1,194pcm |
| May 2020 | 2.1% | £1,136pcm |
| May 2019 | -0.4% | £1,113pcm |
| May 2018 | -0.7% | £1,118pcm |
| May 2017 | 0.1% | £1,126pcm |
| May 2016 | 1.2% | £1,124pcm |
| May 2015 | 1.6% | £1,111pcm |
| May 2014 | 0.2% | £1,094pcm |
| May 2013 | 1.1% | £1,091pcm |
| May 2012 | 1.1% | £1,079pcm |
| May 2011 | 2.5% | £1,068pcm |
| May 2010 | 2.5% | £1,041pcm |
| May 2009 | -4.5% | £1,016pcm |
| May 2008 | 4.5% | £1,064pcm |
| May 2007 | 0% | £1,019pcm |
The last sale was on 16th June 2023 for £380,000 and since then the market in the area has increased by 5.3%. The street has had a total of 33 sales since 1995.
Spring Terrace, North Shields, NE29 has seen 2 sales in the last three years and no sales in the last twelve months.
Spring Terrace, North Shields, NE29 is the 287th largest and the 517th most expensive street in the NE29 area.
There is 1 postcode on Spring Terrace, North Shields, NE29.
The closest station to Spring Terrace, North Shields, NE29 is Northumberland Park (Tyne & Wear) station which is 5.1 kilometres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 Spring Terrace, North Shields, NE29, 39.1% of property is privately owned with a mortgage and 29.6% 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 Spring Terrace, North Shields, NE29, 21.4% of residents are recorded as possessing school level qualifications and 54.9% 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 Spring Terrace, North Shields, NE29, the average age was 44 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 Spring Terrace, North Shields, NE29, 0.7% 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 Spring Terrace, North Shields, NE29, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.