38, READHEAD AVENUE, SOUTH SHIELDS, NE33 3AW - £185,000

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

38 READHEAD AVENUE is a large extended detached house of 125m², built sometime between 1900 and 1929. It was last sold for £185,000 in February 2009, which was around 5% below the average February 2009 detached price in the South Tyneside local authority area. The most recent EPC inspection was June 2020, where the current energy rating was E, and the potential energy rating was C.

38 READHEAD AVENUE Sold Prices

Land registry data shows two sales for 38 READHEAD AVENUE 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 READHEAD AVENUE 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
2009 20 FEB	£185,000	£194,221	5% below HPI
2006 13 NOV	£130,000	£223,528	42% below HPI

38 READHEAD AVENUE 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 READHEAD AVENUE sales from November 2006 and February 2009 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 November 2006 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the February 2009 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 38 READHEAD AVENUE?

38 READHEAD AVENUE is 125m², which includes one extension, according to the EPC inspection conducted in June 2020. 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 38 READHEAD AVENUE lies on this distribution: 67% of detached houses are smaller than 38 READHEAD AVENUE, and 32% of houses are larger. Note that EPC data is not available for all properties in South Shields.

38 READHEAD AVENUE: Plot and Title Map

38 READHEAD AVENUE sits on a plot of roughly 0.034 of an acre, or 139m². The below map shows the location of 38 READHEAD AVENUE, 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 READHEAD AVENUE). 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 READHEAD AVENUE?

38 READHEAD AVENUE is located in SOUTH SHIELDS, in the NE33 postcode district. The below map shows the position of No. 38 on READHEAD AVENUE.