2, CHERRY TREE WALK, SOUTH SHIELDS, NE34 8PG - £225,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 CHERRY TREE WALK is a very small detached house of 84m². It was last sold for £225,000 in December 2021, which was around 15% below the average December 2021 detached price in the South Tyneside local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

2 CHERRY TREE WALK Sold Prices

Land registry data shows two sales for 2 CHERRY TREE WALK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Tyneside local authority area for the corresponding sale date. Both of the two 2 CHERRY TREE WALK sales were for below 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
2021 3 DEC	£225,000	£265,255	15% below HPI
2014 31 JAN	£169,995	£201,868	16% below HPI

2 CHERRY TREE WALK Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Tyneside local authority area over time, sourced from the HPI. The two 2 CHERRY TREE WALK sales from January 2014 and December 2021 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 January 2014 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the December 2021 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2 CHERRY TREE WALK?

2 CHERRY TREE WALK is 84m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 20% of detached houses in South Shields, based on EPC data. The below chart shows the distribution of detached houses by size in South Shields, and where 2 CHERRY TREE WALK lies on this distribution: 13% of detached houses are smaller than 2 CHERRY TREE WALK, and 85% of houses are larger. Note that EPC data is not available for all properties in South Shields.

2 CHERRY TREE WALK: Plot and Title Map

2 CHERRY TREE WALK sits on a plot of roughly 0.051 of an acre, or 206m². The below map shows the location of 2 CHERRY TREE WALK, 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 2 CHERRY TREE WALK). 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 2 CHERRY TREE WALK?

2 CHERRY TREE WALK is located in SOUTH SHIELDS, in the NE34 postcode district. The below map shows the position of No. 2 on CHERRY TREE WALK.