38, PARKSHIEL, SOUTH SHIELDS, NE34 8BU - £427,500

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.

38 PARKSHIEL is a midsized extended detached house of 118m², built sometime between 1967 and 1975, which could now be worth an estimated £531,065. It was last sold for £427,500 in April 2019, which was around 74% above the average April 2019 detached price in the South Tyneside local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

38 PARKSHIEL Sold Prices

Land registry data shows two sales for 38 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 38 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
2019 10 APR	£427,500	£245,174	74% above HPI
1996 30 AUG	£123,000	£83,577	47% above HPI

38 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 38 PARKSHIEL sales from August 1996 and April 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 August 1996 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the April 2019 sale, where it rises to 74% above the HPI. The line then continues to track at 74% above the HPI.

What might 38 PARKSHIEL be worth now?

38 PARKSHIEL might now be worth an estimated £531,065.

This is based on house price inflation of 24.2%, between April 2019 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 24.2% inflationary increase is applied to the most recent sale price for 38 PARKSHIEL of £427,500 on 10th April 2019. For the value to have increased from £427,500 to £531,065 over the six years and two months to February 2025, the following assumptions must hold true:

• The value of 38 PARKSHIEL has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The April 2019 sale price of £427,500 represented a fair market value for the property.
• The size, condition, and specification of 38 PARKSHIEL has not materially changed since April 2019.

How Large is 38 PARKSHIEL?

38 PARKSHIEL is 118m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the largest 40% 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 38 PARKSHIEL lies on this distribution: 60% of detached houses houses are smaller than 38 PARKSHIEL, and 40% of houses are larger. Note that EPC data is not available for all properties in South Shields.

38 PARKSHIEL: Plot and Title Map

38 PARKSHIEL sits on a plot of roughly 0.260 of an acre, or 1,054m². The below map shows the location of 38 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 38 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 38 PARKSHIEL?

38 PARKSHIEL is located in SOUTH SHIELDS, in the NE34 postcode district. The below map shows the position of No. 38 on PARKSHIEL.