2, PARKSHIEL, SOUTH SHIELDS, NE34 8BU - £402,000

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 PARKSHIEL is a large extended detached house of 125m², built sometime between 1983 and 1990. It was last sold for £402,000 in February 2022, which was around 53% above the average February 2022 detached price in the South Tyneside local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was C.

2 PARKSHIEL Sold Prices

Land registry data shows two sales for 2 PARKSHIEL 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 PARKSHIEL 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
2022 11 FEB	£402,000	£262,944	53% above HPI
1999 30 JUN	£118,000	£93,938	26% above HPI

2 PARKSHIEL 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 PARKSHIEL sales from June 1999 and February 2022 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 June 1999 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the February 2022 sale, where it rises to 53% above the HPI. The line then continues to track at 53% above the HPI.

How Large is 2 PARKSHIEL?

2 PARKSHIEL is 125m², which includes two extensions, according to the EPC inspection conducted in April 2021. This puts it in the largest 40% 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 PARKSHIEL lies on this distribution: 67% of detached houses are smaller than 2 PARKSHIEL, and 32% of houses are larger. Note that EPC data is not available for all properties in South Shields.

2 PARKSHIEL: Plot and Title Map

2 PARKSHIEL sits on a plot of roughly 0.218 of an acre, or 881m². The below map shows the location of 2 PARKSHIEL, 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 PARKSHIEL). 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 PARKSHIEL?

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