1 Drake Close, South Shields, NE33 5DE is a leasehold flat built between 1983-1990. The property offers approximately 269 square feet of living space. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £42,732 , which equates to approximately £159 per square foot. It was last sold on 27 Jun 2003 for £23,000. Since then, the value has increased by £19,732, representing a 85.8% increase, or approximately 3.8% per year.

The current estimated value of £42,732 is:

  • 70.6% lower than the average property price on Drake Close
  • 67.6% lower than the average in the NE33 5DE postcode area
  • and 77.5% lower than the average price for South Shields as a whole

View sold house prices in NE33 5DE

Building approximate location

About Property

Type
Flat
Built
1983-1990
Interior Size
269 sq ft
Tenure
Leasehold
Price (estimate)
£42,732
Price Per sq ft (estimate)
£159
Bedroom Count (estimate)
1 bedroom

EPC Summary

1 Drake Close, South Shields, South Tyneside, Tyne And Wear, NE33 5DE has an Energy Performance Certificate (EPC) rating of E, based on the latest assessment carried out on 3 Dec 2016.

A standard tariff electric immersion heater is used to provide hot water. The windows are single glazed.

Heating Type
No system present: electric heaters assumed
Very Poor
Hot Water
Electric immersion, standard tariff
Very Poor
Walls
Timber frame, as built, insulated (assumed)
Good
Windows
Single glazed
Very Poor
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to NE33 5DE

37 th / 37
Price Rank
68% lower than average
23 rd / 26
Size Rank
58% smaller than average
26 th / 26
Price Per Sq FT Rank
22% lower than average

Compared to other properties in NE33 5DE , this flat's estimated value ranks 37th out of 37. Based on price per square foot, it ranks 26th out of 26 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 23th out of 26 properties in its postcode area.

Sale History

Today
£42,732
streetscan.co.uk estimate
+86 %
27 Jun 2003
£23,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 269 sq ft
sale price: £23,750
sale date: 18 Oct 2022
rooms: 1
size: 272 sq ft
sale price: £24,000
sale date: 26 Jun 2015
rooms: 1
size: 269 sq ft
sale price: £36,000
sale date: 12 Dec 2005

Data Sources

The property at 1 Drake Close, South Shields, South Tyneside, Tyne And Wear, NE33 5DE appears once in the Land Registry records, with the transaction recorded on 27 Jun 2003. It also has a single Energy Performance Certificate (EPC) from 3 Dec 2016. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.