41A, Spence Terrace
41A, Spence Terrace
Description & Estimates
According to the public record, 41A, Spence Terrace, North Shields is a period apartment with 957 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 41A, Spence Terrace, North Shields is £121,829 and the estimated rental value is £790 per month.
The apartment is within 41, Spence Terrace, North Shields, NE29.
Spence Terrace, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
Our Data Sources
41A, Spence Terrace, North Shields has no records in the the Land Registry and a single entry in the EPC database dated August 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
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 41A, Spence Terrace, North Shields is in very good condition we estimate a sale value of £127,921 and a rental value of £829 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £113,301 and a rental value of £734 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 41A, Spence Terrace, North Shields has climbed by £1,566 (1.3%), while its estimated rental value has risen by £22 per month (2.7%). Based on current estimates, the property offers a gross rental yield of 7.8%.
Energy Efficiency
41A, Spence Terrace, North Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Aug 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
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41A, Spence Terrace, North Shields within a radius of 420 metres over the last 2 years.
The most recent example is 41, Etal Court, North Shields, NE29 0HH, a leasehold flat which sold for £120,000 on the 15th November 2024.
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
Spence Terrace, North Shields, NE29 has a total of 43 addresses. According to our analysis of all the public data, 41A, Spence Terrace, North Shields is the 7th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £64k less expensive than the average property in NE29.
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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
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Public Transport Nearby
The closest station to 41A, 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.
