9, PALMERSTON STREET, SOUTH SHIELDS, NE33 5LT - £195,000

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.

9 PALMERSTON STREET is a small detached house of 94m², built sometime between 1996 and 2002, which could now be worth an estimated £261,740. It was last sold for £195,000 in March 2017, which was around 14% below the average March 2017 detached price in the South Tyneside local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

9 PALMERSTON STREET Sold Prices

Land registry data shows three sales for 9 PALMERSTON STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Tyneside local authority area for the corresponding sale date. Two of the three 9 PALMERSTON STREET sales were for below the average price, whilst one was 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
2017 3 MAR	£195,000	£226,908	14% below HPI
2016 29 JUL	£220,000	£227,993	4% below HPI
2001 29 JUN	£112,950	£105,584	7% above HPI

9 PALMERSTON 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 three 9 PALMERSTON STREET sales between June 2001 and March 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 July 2016 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the March 2017 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 9 PALMERSTON STREET be worth now?

9 PALMERSTON STREET might now be worth an estimated £261,740.

This is based on house price inflation of 34.2%, between March 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 34.2% inflationary increase is applied to the most recent sale price for 9 PALMERSTON STREET of £195,000 on 3rd March 2017. For the value to have increased from £195,000 to £261,740 over the eight years and one month to February 2025, the following assumptions must hold true:

• The value of 9 PALMERSTON STREET has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The March 2017 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 9 PALMERSTON STREET has not materially changed since March 2017.

How Large is 9 PALMERSTON STREET?

9 PALMERSTON STREET is 94m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 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 9 PALMERSTON STREET lies on this distribution: 30% of detached houses houses are smaller than 9 PALMERSTON STREET, and 69% of houses are larger. Note that EPC data is not available for all properties in South Shields.

9 PALMERSTON STREET: Plot and Title Map

9 PALMERSTON STREET sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 9 PALMERSTON 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 9 PALMERSTON 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 9 PALMERSTON STREET?

9 PALMERSTON STREET is located in SOUTH SHIELDS, in the NE33 postcode district. The below map shows the position of No. 9 on PALMERSTON STREET.