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According to the public record, 16, Preston Gate, North Shields is a mid-century leasehold apartment with 365 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 16, Preston Gate, North Shields is £69,483 and the estimated rental value is £516 per month.
Preston Gate, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
16, Preston Gate, North Shields has 31 entries in the Land Registry , most recently in October 2021 and a single entry in the EPC database dated November 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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 16, Preston Gate, North Shields is in very good condition we estimate a sale value of £72,957 and a rental value of £542 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £64,619 and a rental value of £480 per month.
Over the last 12 months the sale value of 16 Preston Gate North Shields has increased by an estimated £242 (0.3%) and its rental value has increased by an estimated £12 per month (2.4%), giving an expected gross yield of 8.9%.
16, Preston Gate, North Shields has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 11 Nov 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
According to HM Land Registry, 16, Preston Gate, North Shields was last sold on 13th October 2021 for £70,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since October 2021, the market for similar properties has risen 32.1%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 16, Preston Gate, North Shields within a radius of 590 metres over the last 2 years.
The most recent example is 18, Preston Gate, North Shields, NE29 9QB, a leasehold flat which sold for £39,995 on the 10th March 2020.
Read more about house prices in NE29.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Preston Gate, North Shields, NE29 has a total of 27 addresses. According to our analysis of all the public data, 16, Preston Gate, North Shields is the 26th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £116k less expensive than the average property in NE29.
The closest station to 16, Preston Gate, North Shields is Northumberland Park (Tyne & Wear) station which is 4.1 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 16, Preston Gate, North Shields, 43.3% of property is privately owned with a mortgage and 36.2% 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 16, Preston Gate, North Shields, 19.0% of residents are recorded as possessing school level qualifications and 30.9% 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 16, Preston Gate, North Shields, the average age was 45.1 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 16, Preston Gate, North Shields, 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 16, Preston Gate, North Shields, 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.
