3, MACKLEY CLOSE, SOUTH SHIELDS, NE34 0LJ - £166,000

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

3 MACKLEY CLOSE is a large detached house of 124m², built sometime from 2007 onwards. It was last sold for £166,000 in May 2018, which was around 28% below the average May 2018 detached price in the South Tyneside local authority area. The most recent EPC inspection was August 2017, where the current energy rating was C, and the potential energy rating was B.

3 MACKLEY CLOSE Sold Prices

Land registry data shows two sales for 3 MACKLEY 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 3 MACKLEY 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
2018 11 MAY	£166,000	£231,142	28% below HPI
2007 24 AUG	£204,950	£230,975	11% below HPI

3 MACKLEY 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 3 MACKLEY CLOSE sales from August 2007 and May 2018 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 2007 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2018 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 3 MACKLEY CLOSE?

3 MACKLEY CLOSE is 124m² according to the EPC inspection conducted in August 2017. 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 3 MACKLEY CLOSE lies on this distribution: 66% of detached houses are smaller than 3 MACKLEY CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in South Shields.

3 MACKLEY CLOSE: Plot and Title Map

3 MACKLEY CLOSE sits on a plot of roughly 0.041 of an acre, or 167m². The below map shows the location of 3 MACKLEY 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 3 MACKLEY 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 3 MACKLEY CLOSE?

3 MACKLEY CLOSE is located in SOUTH SHIELDS, in the NE34 postcode district. The below map shows the position of No. 3 on MACKLEY CLOSE.