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Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 1, Drake Close, South Shields is a modern apartment with 269 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for 1, Drake Close, South Shields is £23,679 and the estimated rental value is £175 per month.
Drake Close, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
1, Drake Close, South Shields has no recent1 records in the the Land Registry and a single entry in the EPC database dated December 2016.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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 1, Drake Close, South Shields is in very good condition we estimate a sale value of £24,863 and a rental value of £183 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £22,021 and a rental value of £162 per month.
Over the last 12 months the sale value of 1 Drake Close South Shields has decreased by an estimated £266 (1.1%) and its rental value has increased by an estimated £3 per month (1.5%), giving an expected gross yield of 8.9%.
1, Drake Close, South Shields has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 03 Dec 2016.
The property is not connected to mains gas and has single glazed windows. It is heated using No system present: electric heaters assumed.
According to HM Land Registry, 1, Drake Close, South Shields was last sold on 27th June 2003 for £23,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 1, Drake Close, South Shields within a radius of 480 metres over the last 2 years.
The most recent example is 3, Drake Close, South Shields, NE33 5DE, a leasehold flat which sold for £23,750 on the 18th October 2022.
Read more about house prices in NE33.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Drake Close, South Shields, NE33 has a total of 49 addresses. According to our analysis of all the public data, 1, Drake Close, South Shields is the 48th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £107k less expensive than the average property in NE33.
The closest station to 1, Drake Close, South Shields is Northumberland Park (Tyne & Wear) station which is 7.3 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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 1, Drake Close, South Shields, 38.6% of property is privately owned outright and 31.4% is privately owned with a mortgage.
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 1, Drake Close, South Shields, 9.9% of residents are recorded as possessing school level qualifications and 24.8% 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 1, Drake Close, South Shields, the average age was 40.6 and the most common age was 32.
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 1, Drake Close, South Shields, 0.8% 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 1, Drake Close, South Shields, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.
