5 River Drive, South Shields, NE33 1TL is a leasehold flat built between 1950-1966. The property offers approximately 850 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £140,531 , which equates to approximately £165 per square foot. It was last sold on 11 Sep 2020 for £112,000. Since then, the value has increased by £28,531, representing a 25.5% increase, or approximately 4.9% per year.

The current estimated value of £140,531 is:

  • 7.8% lower than the average property price on River Drive
  • 33.4% higher than the average in the NE33 1TL postcode area
  • and 26.1% lower than the average price for South Shields as a whole

At the most recent EPC inspection on 9 July 2020, the property was recorded as owner-occupied.

View sold house prices in NE33 1TL

Building approximate location

About Property

Type
Flat
Built
1950-1966
Interior Size
850 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£140,531
Price Per sq ft (estimate)
£165
Bedroom Count (estimate)
2 bedrooms

EPC Summary

5 River Drive, South Shields, South Tyneside, Tyne And Wear, NE33 1TL has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 9 Jul 2020.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 20 May 2009, when the property was rated D. Since then, the rating has improved to C, with the energy efficiency score increasing by 9.1%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency improving from average to good, while the heating system type remained the same (boiler and radiators, mains gas).
  • The hot water system was changed from from main system, no cylinderstat to from main system, with its energy efficiency improving from poor to good.
  • The roof construction or insulation changed from pitched, 250 mm loft insulation to pitched, 100 mm loft insulation, changing energy efficiency from good to average.
  • The wall energy efficiency changing from good to average, with the construction or insulation remaining cavity wall, filled cavity.
  • The windows were upgraded from single glazed to fully double glazed.
  • The lighting was updated from low energy lighting in all fixed outlets to low energy lighting in 64% of fixed outlets, with efficiency changing from very good to good.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Roof
Pitched, 100 mm loft insulation
Average
Walls
Cavity wall, filled cavity
Average
Windows
Fully double glazed
Good
Lighting
Low energy lighting in 64% of fixed outlets
Good

Compared to NE33 1TL

2 nd / 24
Price Rank
33% higher than average
4 th / 19
Size Rank
12% bigger than average
5 th / 19
Price Per Sq FT Rank
19% higher than average

Compared to other properties in NE33 1TL , this flat's estimated value ranks 2nd out of 24. Based on price per square foot, it ranks 5th out of 19 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 4th out of 19 properties in its postcode area.

Sale History

Today
£140,531
streetscan.co.uk estimate
+25 %
11 Sep 2020
£112,000
Leasehold
+86.7 %
24 Jul 2017
£60,000
Leasehold

Area Insights

Similar Properties Sold Nearby

45 River Drive, South Shields, NE33 1TL
rooms: 4
size: 883 sq ft
sale price: £101,650
sale date: 27 Mar 2024
16 River Drive, South Shields, NE33 1TL
rooms: 4
size: 829 sq ft
sale price: £65,000
sale date: 21 May 2021
27 River Drive, South Shields, NE33 1TL
rooms: 3
size: 786 sq ft
sale price: £65,000
sale date: 3 Jun 2019
23 River Drive, South Shields, NE33 1TL
rooms: 4
size: 775 sq ft
sale price: £90,250
sale date: 24 May 2019
51 River Drive, South Shields, NE33 1TL
rooms: 3
size: 786 sq ft
sale price: £99,950
sale date: 3 May 2019

Data Sources

The property at 5 River Drive, South Shields, NE33 1TL appears two times in the Land Registry records, with the latest transaction recorded on 11 Sep 2020. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 9 Jul 2020. 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.
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