2, PALMERSTON STREET, SOUTH SHIELDS, NE33 5LT - £136,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 PALMERSTON STREET is a midsized extended semi-detached house of 112m², built sometime between 1991 and 1995, which could now be worth an estimated £175,058. It was last sold for £136,500 in August 2019, which was around 4% below the average August 2019 semi-detached price in the South Tyneside local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

2 PALMERSTON STREET Sold Prices

Land registry data shows two sales for 2 PALMERSTON STREET since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the South Tyneside local authority area for the corresponding sale date. One of the two 2 PALMERSTON STREET sales was for below the average price, whilst the other was 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
2019 16 AUG	£136,500	£141,986	4% below HPI
2002 8 FEB	£99,950	£55,330	81% above HPI

2 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 two 2 PALMERSTON STREET sales from February 2002 and August 2019 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 February 2002 sale was for 81% above the HPI. So the extrapolation line tracks at 81% above the HPI over time, until the August 2019 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 2 PALMERSTON STREET be worth now?

2 PALMERSTON STREET might now be worth an estimated £175,058.

This is based on house price inflation of 28.2%, between August 2019 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 28.2% inflationary increase is applied to the most recent sale price for 2 PALMERSTON STREET of £136,500 on 16th August 2019. For the value to have increased from £136,500 to £175,058 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 2 PALMERSTON STREET has moved in line with the HPI for semi-detached houses in the South Tyneside local authority area.
• The August 2019 sale price of £136,500 represented a fair market value for the property.
• The size, condition, and specification of 2 PALMERSTON STREET has not materially changed since August 2019.

How Large is 2 PALMERSTON STREET?

2 PALMERSTON STREET is 112m², which includes one extension, according to the EPC inspection conducted in January 2019. This puts it in the largest 50% 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 2 PALMERSTON STREET lies on this distribution: 51% of semi-detached houses houses are smaller than 2 PALMERSTON STREET, and 48% of houses are larger. Note that EPC data is not available for all properties in South Shields.

2 PALMERSTON STREET: Plot and Title Map

2 PALMERSTON STREET sits on a plot of roughly 0.047 of an acre, or 192m². The below map shows the location of 2 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 2 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 2 PALMERSTON STREET?

2 PALMERSTON STREET is located in SOUTH SHIELDS, in the NE33 postcode district. The below map shows the position of No. 2 on PALMERSTON STREET.