20, PALMERSTON STREET, SOUTH SHIELDS, NE33 5LT - £222,500

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.

20 PALMERSTON STREET is a midsized extended detached house of 113m², built sometime between 1996 and 2002, which could now be worth an estimated £263,029. It was last sold for £222,500 in February 2021, which was around 14% below the average February 2021 detached price in the South Tyneside local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

20 PALMERSTON STREET Sold Prices

Land registry data shows three sales for 20 PALMERSTON STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Tyneside local authority area for the corresponding sale date. All of the three 20 PALMERSTON STREET 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 19 FEB	£222,500	£257,639	14% below HPI
2018 17 AUG	£220,000	£247,657	11% below HPI
2001 29 OCT	£110,950	£116,352	5% below HPI

20 PALMERSTON STREET 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 three 20 PALMERSTON STREET sales between October 2001 and February 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 August 2018 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the February 2021 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 20 PALMERSTON STREET be worth now?

20 PALMERSTON STREET might now be worth an estimated £263,029.

This is based on house price inflation of 18.2%, between February 2021 and February 2025, for 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 18.2% inflationary increase is applied to the most recent sale price for 20 PALMERSTON STREET of £222,500 on 19th February 2021. For the value to have increased from £222,500 to £263,029 over the four years to February 2025, the following assumptions must hold true:

• The value of 20 PALMERSTON STREET has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The February 2021 sale price of £222,500 represented a fair market value for the property.
• The size, condition, and specification of 20 PALMERSTON STREET has not materially changed since February 2021.

How Large is 20 PALMERSTON STREET?

20 PALMERSTON STREET is 113m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the largest 50% of detached houses houses in South Shields, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Shields, and where 20 PALMERSTON STREET lies on this distribution: 52% of detached houses houses are smaller than 20 PALMERSTON STREET, and 47% of houses are larger. Note that EPC data is not available for all properties in South Shields.

20 PALMERSTON STREET: Plot and Title Map

20 PALMERSTON STREET sits on a plot of roughly 0.057 of an acre, or 231m². The below map shows the location of 20 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 20 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 20 PALMERSTON STREET?

20 PALMERSTON STREET is located in SOUTH SHIELDS, in the NE33 postcode district. The below map shows the position of No. 20 on PALMERSTON STREET.