38, TARRAGON WAY, SOUTH SHIELDS, NE34 8TB - £245,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

38 TARRAGON WAY is a large extended detached house of 130m², built sometime between 1976 and 1982, which could now be worth an estimated £312,287. It was last sold for £245,000 in December 2017, which was around 3% above the average December 2017 detached price in the South Tyneside local authority area. The most recent EPC inspection was January 2009, where the current energy rating was D, and the potential energy rating was C.

38 TARRAGON WAY Sold Prices

Land registry data shows two sales for 38 TARRAGON WAY 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. One of the two 38 TARRAGON WAY sales was for above the average price, whilst the other was roughly equal to 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
2017 6 DEC	£245,000	£238,945	3% above HPI
2002 28 JAN	£107,500	£107,858	Close to HPI

38 TARRAGON WAY 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 TARRAGON WAY sales from January 2002 and December 2017 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 January 2002 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the December 2017 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 38 TARRAGON WAY be worth now?

38 TARRAGON WAY might now be worth an estimated £312,287.

This is based on house price inflation of 27.5%, between December 2017 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 27.5% inflationary increase is applied to the most recent sale price for 38 TARRAGON WAY of £245,000 on 6th December 2017. For the value to have increased from £245,000 to £312,287 over the eight years and ten months to February 2025, the following assumptions must hold true:

• The value of 38 TARRAGON WAY has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The December 2017 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 38 TARRAGON WAY has not materially changed since December 2017.

How Large is 38 TARRAGON WAY?

38 TARRAGON WAY is 130m², which includes one extension, according to the EPC inspection conducted in January 2009. This puts it in the largest 30% 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 TARRAGON WAY lies on this distribution: 71% of detached houses houses are smaller than 38 TARRAGON WAY, and 29% of houses are larger. Note that EPC data is not available for all properties in South Shields.

38 TARRAGON WAY: Plot and Title Map

38 TARRAGON WAY sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 38 TARRAGON WAY, 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 TARRAGON WAY). 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 TARRAGON WAY?

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