26, PALACE CLOSE, SOUTH SHIELDS, NE33 5EQ - £205,000

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.

26 PALACE CLOSE is a midsized detached house of 104m², which could now be worth an estimated £231,970. It was last sold for £205,000 in March 2022, which was around 24% below the average March 2022 detached price in the South Tyneside local authority area. The most recent EPC inspection was March 2015, where the current energy rating was B, and the potential energy rating was A.

26 PALACE CLOSE Sold Prices

Land registry data shows two sales for 26 PALACE CLOSE 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 26 PALACE CLOSE 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
2022 11 MAR	£205,000	£269,158	24% below HPI
2015 23 APR	£164,995	£216,446	24% below HPI

26 PALACE CLOSE 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 26 PALACE CLOSE sales from April 2015 and March 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 April 2015 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the March 2022 sale, which was also at 24% below the HPI.

What might 26 PALACE CLOSE be worth now?

26 PALACE CLOSE might now be worth an estimated £231,970.

This is based on house price inflation of 13.2%, between March 2022 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 13.2% inflationary increase is applied to the most recent sale price for 26 PALACE CLOSE of £205,000 on 11th March 2022. For the value to have increased from £205,000 to £231,970 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 26 PALACE CLOSE has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The March 2022 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 26 PALACE CLOSE has not materially changed since March 2022.

How Large is 26 PALACE CLOSE?

26 PALACE CLOSE is 104m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 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 26 PALACE CLOSE lies on this distribution: 43% of detached houses houses are smaller than 26 PALACE CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in South Shields.

26 PALACE CLOSE: Plot and Title Map

26 PALACE CLOSE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 26 PALACE CLOSE, 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 26 PALACE CLOSE). 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 26 PALACE CLOSE?

26 PALACE CLOSE is located in SOUTH SHIELDS, in the NE33 postcode district. The below map shows the position of No. 26 on PALACE CLOSE.