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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, 128, Ocean Road, South Shields is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 515 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 128, Ocean Road, South Shields is £88,503 and the estimated rental value is £414 per month.
Ocean Road, South Shields, NE33 is located in the borough of South Tyneside within the NE33 postal district.
128, Ocean Road, South Shields has a single entry in the Land Registry from June 2010 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 128, Ocean Road, South Shields is in very good condition we estimate a sale value of £92,928 and a rental value of £435 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £82,308 and a rental value of £385 per month.
Over the last 12 months the sale value of 128 Ocean Road South Shields has increased by an estimated £289 (0.3%) and its rental value has increased by an estimated £11 per month (2.7%), giving an expected gross yield of 5.6%.
According to HM Land Registry, 128, Ocean Road, South Shields was last sold on 24th June 2010 for £19,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since June 2010, the market for similar properties has risen 10.7%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 128, Ocean Road, South Shields within a radius of 480 metres over the last 2 years.
The most recent example is 3, St. Aidans Road, South Shields, NE33 2EY, a leasehold flat which sold for £63,000 on the 10th April 2017.
Read more about house prices in NE33.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ocean Road, South Shields, NE33 has a total of 37 addresses. According to our analysis of all the public data, 128, Ocean Road, South Shields is the 36th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £42k less expensive than the average property in NE33.
The closest station to 128, Ocean Road, South Shields is Northumberland Park (Tyne & Wear) station which is 7.0 kilometres away.
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.
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The recent census recorded whether a resident owned or rented their home.
In the area around 128, Ocean Road, South Shields, 36.5% of property is privately owned outright and 31.3% 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 128, Ocean Road, South Shields, 17.5% of residents are recorded as possessing school level qualifications and 24.9% 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 128, Ocean Road, South Shields, the average age was 41.4 and the most common age was 42.
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 128, Ocean Road, South Shields, 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 128, Ocean Road, South Shields, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.
