61, GERALD STREET, SOUTH SHIELDS, NE34 8RG - £212,500

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.

61 GERALD STREET is a midsized detached house of 102m², which could now be worth an estimated £264,519. It was last sold for £212,500 in August 2020, which was around 13% below the average August 2020 detached price in the South Tyneside local authority area. The most recent EPC inspection was June 2013, where the current energy rating was B, and the potential energy rating was B.

61 GERALD STREET Sold Prices

Land registry data shows two sales for 61 GERALD STREET 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 61 GERALD STREET 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
2020 27 AUG	£212,500	£244,674	13% below HPI
2013 28 JUN	£163,345	£208,764	22% below HPI

61 GERALD STREET 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 61 GERALD STREET sales from June 2013 and August 2020 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 June 2013 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the August 2020 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 61 GERALD STREET be worth now?

61 GERALD STREET might now be worth an estimated £264,519.

This is based on house price inflation of 24.5%, between August 2020 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 24.5% inflationary increase is applied to the most recent sale price for 61 GERALD STREET of £212,500 on 27th August 2020. For the value to have increased from £212,500 to £264,519 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 61 GERALD STREET has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The August 2020 sale price of £212,500 represented a fair market value for the property.
• The size, condition, and specification of 61 GERALD STREET has not materially changed since August 2020.

How Large is 61 GERALD STREET?

61 GERALD STREET is 102m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 50% 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 61 GERALD STREET lies on this distribution: 41% of detached houses houses are smaller than 61 GERALD STREET, and 59% of houses are larger. Note that EPC data is not available for all properties in South Shields.

61 GERALD STREET: Plot and Title Map

61 GERALD STREET sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of 61 GERALD STREET, 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 61 GERALD STREET). 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 61 GERALD STREET?

61 GERALD STREET is located in SOUTH SHIELDS, in the NE34 postcode district. The below map shows the position of No. 61 on GERALD STREET.