5, Penman Place
5, Penman Place
Description & Estimates
5, Penman Place, North Shields is described in the public record as a mid-century apartment with 581 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 5, Penman Place, North Shields is £46,896 and its rental estimate is £344 per month, given the available information and assuming reasonable condition.
Penman Place, North Shields, NE29 falls within the NE29 postal district, in the borough of North Tyneside.
Our Data Sources
5, Penman Place, North Shields has no records in the the Land Registry and a single entry in the EPC database dated September 2021.
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.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 5, Penman Place, North Shields, we estimate a market value of £49,241 and a rental value of £362 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £43,614 and £320 per month respectively.
Recent Market Change
Over the last year, 5, Penman Place, North Shields has seen its estimated sale value move up by £11 (0.0%) and its estimated rental value increase by £5 per month (1.5%). This results in an estimated gross rental yield of 8.8%.
Energy Efficiency
5, Penman Place, North Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Sep 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 1 property similar to 5, Penman Place, North Shields has sold within a radius of 440 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 20th December 2013, was 15, Waterville Road, North Shields, NE29 6SL, a leasehold flat which sold for £52,000.
Read more about house prices in NE29.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 41 addresses on Penman Place, North Shields, NE29, 5, Penman Place, North Shields comes out as the 34th largest and the 34th most expensive in our analysis of the public data.
It is also £139k less expensive than the average property across the NE29 district.
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Schools Nearby
- 300mWaterville Primary School
- 500mSt Cuthbert's Catholic Primary School, North Shields
- 700mRiverside Primary School
- 1.4kmNorham High School
- 2.2kmJohn Spence Community High School
- 2.4kmSt Thomas More Catholic High School
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Public Transport Nearby
From 5, Penman Place, North Shields, the nearest station is Northumberland Park (Tyne & Wear), 5.5 kilometres away.
- 5.5kmNorthumberland Park (Tyne & Wear)
- 8.8kmHeworth
- 9.8kmSeaton Delaval
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
