9, PRINCE OF WALES CLOSE, SOUTH SHIELDS, NE34 6QT - £60,000

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

9 PRINCE OF WALES CLOSE is a midsized extended detached house of 111m², built sometime between 1976 and 1982, which could now be worth an estimated £162,444. It was last sold for £60,000 in September 2001, which was around 47% below the average September 2001 detached price in the South Tyneside local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

9 PRINCE OF WALES CLOSE Sold Prices

Land registry data shows two sales for 9 PRINCE OF WALES CLOSE 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 9 PRINCE OF WALES CLOSE 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
2001 24 SEP	£60,000	£112,495	47% below HPI
1999 24 AUG	£48,500	£95,011	49% below HPI

9 PRINCE OF WALES CLOSE 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 9 PRINCE OF WALES CLOSE sales from August 1999 and September 2001 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 August 1999 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the September 2001 sale, where it rises to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 9 PRINCE OF WALES CLOSE be worth now?

9 PRINCE OF WALES CLOSE might now be worth an estimated £162,444.

This is based on house price inflation of 170.7%, between September 2001 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 170.7% inflationary increase is applied to the most recent sale price for 9 PRINCE OF WALES CLOSE of £60,000 on 24th September 2001. For the value to have increased from £60,000 to £162,444 over the 24 years and seven months to February 2025, the following assumptions must hold true:

• The value of 9 PRINCE OF WALES CLOSE has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The September 2001 sale price of £60,000 represented a fair market value for the property.
• The size, condition, and specification of 9 PRINCE OF WALES CLOSE has not materially changed since September 2001.

How Large is 9 PRINCE OF WALES CLOSE?

9 PRINCE OF WALES CLOSE is 111m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the largest 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 9 PRINCE OF WALES CLOSE lies on this distribution: 50% of detached houses houses are smaller than 9 PRINCE OF WALES CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in South Shields.

9 PRINCE OF WALES CLOSE: Plot and Title Map

9 PRINCE OF WALES CLOSE sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 9 PRINCE OF WALES CLOSE, 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 PRINCE OF WALES CLOSE). 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 PRINCE OF WALES CLOSE?

9 PRINCE OF WALES CLOSE is located in SOUTH SHIELDS, in the NE34 postcode district. The below map shows the position of No. 9 on PRINCE OF WALES CLOSE.