40A, Spence Terrace
40A, Spence Terrace
Description & Estimates
According to the public record, 40A, Spence Terrace, North Shields is a period leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 40A, Spence Terrace, North Shields is £101,436 and the estimated rental value is £718 per month.
Spence Terrace, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
Our Data Sources
40A, Spence Terrace, North Shields has a single entry in the Land Registry from March 2008 and a single entry in the EPC database dated January 2015.
We combine this information with that 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
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 40A, Spence Terrace, North Shields is in very good condition we estimate a sale value of £106,507 and a rental value of £754 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £94,335 and a rental value of £668 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 40A, Spence Terrace, North Shields has risen by £986 (1.0%), while its estimated rental value has moved up by £19 per month (2.6%). Based on current estimates, the property offers a gross rental yield of 8.5%.
Energy Efficiency
40A, Spence Terrace, North Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Jan 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 40A, Spence Terrace, North Shields was last sold on 31st March 2008 for £90,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since March 2008, the market for similar properties has dropped by 1.2%.
- Sold Mar 2008£90,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40A, Spence Terrace, North Shields within a radius of 420 metres over the last 2 years.
The most recent example is 29, Hopper Street West, North Shields, NE29 0EG, a leasehold flat which sold for £72,000 on the 16th October 2025.
Read more about house prices in NE29.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Spence Terrace, North Shields, NE29 has a total of 43 addresses. According to our analysis of all the public data, 40A, Spence Terrace, North Shields is the 34th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £84k less expensive than the average property in NE29.
More reading links
Schools Nearby
- 300mSt Cuthbert's Catholic Primary School, North Shields
- 300mSpring Gardens Primary School
- 600mWaterville Primary School
- 1.1kmNorham High School
- 1.5kmJohn Spence Community High School
- 1.7kmSt Thomas More Catholic High School
More reading links
Public Transport Nearby
The closest station to 40A, Spence Terrace, North Shields is Northumberland Park (Tyne & Wear) station, which is 4.9 kilometres away.
- 4.9kmNorthumberland Park (Tyne & Wear)
- 9.0kmHeworth
- 9.1kmSeaton Delaval
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
