1, PALMERSTON STREET, SOUTH SHIELDS, NE33 5LT - £155,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 PALMERSTON STREET is a small extended semi-detached house of 96m², built sometime between 1996 and 2002, which could now be worth an estimated £227,583. It was last sold for £155,000 in November 2010, which was around 25% above the average November 2010 semi-detached price in the South Tyneside local authority area. The most recent EPC inspection was August 2011, where the current energy rating was C, and the potential energy rating was C.

1 PALMERSTON STREET Sold Prices

Land registry data shows three sales for 1 PALMERSTON STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the South Tyneside local authority area for the corresponding sale date. All of the three 1 PALMERSTON STREET sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2010 12 NOV	£155,000	£124,019	25% above HPI
2003 27 NOV	£149,000	£97,435	53% above HPI
2002 14 FEB	£99,950	£55,330	81% above HPI

1 PALMERSTON STREET Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Tyneside local authority area over time, sourced from the HPI. The three 1 PALMERSTON STREET sales between February 2002 and November 2010 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2003 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the November 2010 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 1 PALMERSTON STREET be worth now?

1 PALMERSTON STREET might now be worth an estimated £227,583.

This is based on house price inflation of 46.8%, between November 2010 and February 2025, for semi-detached houses, in the South Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 46.8% inflationary increase is applied to the most recent sale price for 1 PALMERSTON STREET of £155,000 on 12th November 2010. For the value to have increased from £155,000 to £227,583 over the fifteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 PALMERSTON STREET has moved in line with the HPI for semi-detached houses in the South Tyneside local authority area.
• The November 2010 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PALMERSTON STREET has not materially changed since November 2010.

How Large is 1 PALMERSTON STREET?

1 PALMERSTON STREET is 96m², which includes two extensions, according to the EPC inspection conducted in August 2011. This puts it in the smallest 40% of semi-detached houses houses in South Shields, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in South Shields, and where 1 PALMERSTON STREET lies on this distribution: 33% of semi-detached houses houses are smaller than 1 PALMERSTON STREET, and 67% of houses are larger. Note that EPC data is not available for all properties in South Shields.

1 PALMERSTON STREET: Plot and Title Map

1 PALMERSTON STREET sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 1 PALMERSTON STREET, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 PALMERSTON STREET). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 PALMERSTON STREET?

1 PALMERSTON STREET is located in SOUTH SHIELDS, in the NE33 postcode district. The below map shows the position of No. 1 on PALMERSTON STREET.