7, Penman Place
7, Penman Place
Description & Estimates
The public record describes 7, Penman Place, North Shields as a mid-century apartment with 581 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
7, Penman Place, North Shields has an estimated sale value of £46,896 and an estimated rental value of £344 per month, assuming reasonable condition and based on the information available.
Penman Place, North Shields, NE29 lies in the borough of North Tyneside, within the NE29 postal district.
Our Data Sources
7, Penman Place, North Shields has no records in the the Land Registry and a single entry in the EPC database dated January 2014.
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
In very good condition, we estimate 7, Penman Place, North Shields would be worth £49,241, with a potential rental value of £362 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £43,614, with a rental value of £320 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 7, Penman Place, North Shields has grown by £11 (0.0%) over the last year. During the same period, its estimated monthly rental value has climbed by £5 (1.5%). The property's estimated gross yield is currently 8.8%.
Energy Efficiency
7, Penman Place, North Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Jan 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 1 sale of a comparable property within 450 metres of 7, Penman Place, North Shields across the last 2 years.
Most recently, 15, Waterville Road, North Shields, NE29 6SL, a leasehold flat, sold at £52,000 on the 20th December 2013.
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
Our analysis of the public data ranks 7, Penman Place, North Shields as the 33rd largest and the 33rd most expensive of the 41 addresses on Penman Place, North Shields, NE29.
Against the NE29 postcode district average, it is £139k less expensive than the typical property.
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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
Northumberland Park (Tyne & Wear) station is the nearest stop to 7, Penman Place, North Shields at 5.5 kilometres away.
- 5.5kmNorthumberland Park (Tyne & Wear)
- 8.8kmHeworth
- 9.8kmSeaton Delaval
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
