7A, Preston Terrace
7A, Preston Terrace
Description & Estimates
Public records show 7A, Preston Terrace, North Shields to be a period leasehold apartment with 656 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms with a garden.
7A, Preston Terrace, North Shields has an estimated sale value of £133,806 and an estimated rental value of £862 per month, assuming reasonable condition and based on the information available.
The apartment sits within 7, Preston Terrace, North Shields, NE29.
Preston Terrace, North Shields, NE29 lies in the borough of North Tyneside, within the NE29 postal district.
Our Data Sources
7A, Preston Terrace, North Shields has 2 entries in the Land Registry , most recently in August 2015 and a single entry in the EPC database dated June 2024.
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
In very good condition, we estimate 7A, Preston Terrace, North Shields would be worth £140,496, with a potential rental value of £905 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £124,439, with a rental value of £801 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 7A, Preston Terrace, North Shields has grown by £1,301 (1.0%) over the last year. During the same period, its estimated monthly rental value has climbed by £22 (2.6%). The property's estimated gross yield is currently 7.7%.
Energy Efficiency
7A, Preston Terrace, North Shields has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Jun 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
7A, Preston Terrace, North Shields last changed hands on 7th August 2015, selling for £106,500. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has dropped by 16.9% since August 2015.
- Sold Aug 2015£106,500
- Sold Jun 2013£50,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 630 metres of 7A, Preston Terrace, North Shields across the last 2 years.
Most recently, 6, Moor Crest Terrace, North Shields, NE29 9LW, a leasehold flat, sold at £158,000 on the 29th September 2023.
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 7A, Preston Terrace, North Shields as the 9th largest and the 9th most expensive of the 9 addresses on Preston Terrace, North Shields, NE29.
Against the NE29 postcode district average, it is £52k less expensive than the typical property.
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Schools Nearby
- 800mWhitehouse Primary School
- 800mKing Edward Primary School
- 800mPreston Grange Primary School
- 300mJohn Spence Community High School
- 1.2kmMarden High School
- 1.4kmMonkseaton High School
More reading links
Public Transport Nearby
Northumberland Park (Tyne & Wear) station is the nearest stop to 7A, Preston Terrace, North Shields at 4.4 kilometres away.
- 4.4kmNorthumberland Park (Tyne & Wear)
- 8.1kmSeaton Delaval
- 10.0kmHeworth
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.
