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

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.

38 READHEAD AVENUE is a large extended detached house of 125m², built sometime between 1900 and 1929, which could now be worth an estimated £285,664. It was last sold for £185,000 in February 2009, which was around 6% 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	£197,243	6% below HPI
2006 13 NOV	£130,000	£227,007	43% 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 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the February 2009 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 38 READHEAD AVENUE be worth now?

38 READHEAD AVENUE might now be worth an estimated £285,664.

This is based on house price inflation of 54.4%, between February 2009 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 54.4% inflationary increase is applied to the most recent sale price for 38 READHEAD AVENUE of £185,000 on 20th February 2009. For the value to have increased from £185,000 to £285,664 over the sixteen years to February 2025, the following assumptions must hold true:

• The value of 38 READHEAD AVENUE has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The February 2009 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 38 READHEAD AVENUE has not materially changed since February 2009.

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 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 READHEAD AVENUE lies on this distribution: 68% of detached houses 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.