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House Prices in NE33 House Prices in NE33 (South Shields)

The average house price in NE33 (South Shields) is £153,479 using HM Land Registry data.

The average property price increased by £12,881 (18.86%) over the last 5 years and increased by £2,581 (2.99%) over the last 12 months.

Over the last year, there were 242 residential property sales – a decrease of 91 transactions (-37.60%) relative to the previous year. The majority of house sales (63) were in the £60,000 - £100,000 range. Then came properties in the £100,000 - £140,000 range, where 56 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,865 (-4%).

In Oct 24, there were 52 new estate agency instructions, 55 agreed home sales and 28 property price reductions.

Nearby Postcodes: NE25, NE26, NE27, NE28, NE29, NE30, NE32, NE34, NE35, NE36, SR6

5-Year Average Property Prices in NE33 (South Shields)

18.86%

Property prices in South Shields increased by 18.86% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in NE33 (South Shields) Over the Last Year

2.99%

Property prices in South Shields increased by 2.99% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for NE33 (South Shields) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in NE33 (South Shields)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in NE33 (South Shields)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in NE33 (South Shields)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the NE33 (South Shields) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE33 postcode area since 1995.

Recent Sales in NE33 (South Shields)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
360 Stanhope Road, South Shields, Tyne And Wear, NE33 4RB£59,000£58,000-£1,00029 Feb 202419 Aug 2024172 Days
225 Stanhope Road, South Shields, Tyne And Wear, NE33 4RT£95,000£92,000-£3,00015 Mar 202419 Aug 2024157 Days
92 Canterbury Street, South Shields, Tyne And Wear, NE33 4DD£74,950£60,000-£14,95009 Aug 201416 Aug 20243660 Days
27 Mariners Cottages, South Shields, Tyne And Wear, NE33 2NG£249,950£243,750-£6,20026 Sep 202312 Aug 2024321 Days
56 Horsley Hill Road, South Shields, Tyne And Wear, NE33 3EP£250,000£247,000-£3,00013 Feb 202423 Jul 2024161 Days
60 Mowbray Road, South Shields, Tyne And Wear, NE33 3AX£300,000£280,000-£20,00014 Nov 202322 Jul 2024251 Days
42 Oxford Avenue, South Shields, Tyne And Wear, NE33 4TP£85,000£82,500-£2,50024 May 202219 Jul 2024787 Days
131 Mowbray Road, South Shields, Tyne And Wear, NE33 3BA£124,950£124,000-£95007 Jan 202418 Jul 2024193 Days
97 Birchington Avenue, South Shields, Tyne And Wear, NE33 4SB£75,000£73,750-£1,25017 May 202417 Jul 202461 Days
27 Horsley Hill Road, South Shields, Tyne And Wear, NE33 3ET£235,000£228,000-£7,00006 Apr 202421 Jun 202476 Days
34 Vespasian Avenue, South Shields, Tyne And Wear, NE33 2EL£125,000£122,000-£3,00004 Mar 202421 May 202478 Days
8a, St Michaels Avenue North, South Shields, Tyne And Wear, NE33 3AL£74,950£61,000-£13,95013 Oct 201220 May 20244237 Days
7 Vine Street, South Shields, Tyne And Wear, NE33 4RF£95,000£92,000-£3,00017 Apr 202426 Apr 20249 Days
16 Raleigh Close, South Shields, Tyne And Wear, NE33 5DG£110,000£100,000-£10,00013 Feb 202424 Apr 202471 Days
1 Northfield Road, South Shields, Tyne And Wear, NE33 3HJ£239,950£239,950£0025 Sep 202326 Mar 2024183 Days
32 Chichester Road, South Shields, Tyne And Wear, NE33 4AF£110,000£92,000-£18,00006 Sep 202325 Mar 2024201 Days
24 Mowbray Road, South Shields, Tyne And Wear, NE33 3AU£300,000£150,000-£150,00019 Apr 202322 Mar 2024338 Days
16 Banbury Terrace, South Shields, Tyne And Wear, NE33 4TL£230,000£225,000-£5,00002 Oct 202315 Mar 2024165 Days
6 Bright Street, South Shields, Tyne And Wear, NE33 2TF£140,000£136,000-£4,00030 Oct 202301 Mar 2024123 Days
310 Stanhope Road, South Shields, Tyne And Wear, NE33 4QZ£60,000£57,000-£3,00001 Aug 202328 Feb 2024211 Days

Most Expensive Streets in NE33 (South Shields)

PostcodeStreetAreaAverageNo. of Sales
NE33 3EBWestoe VillageSouth Shields£448,0005
NE33 2QUBeach RoadSouth Shields£393,3313
NE33 3NQThe BroadwaySouth Shields£368,8758
NE33 2EULawe RoadSouth Shields£336,4833
NE33 2AQGreens PlaceSouth Shields£314,9984
NE33 2NFSalisbury PlaceSouth Shields£305,0003
NE33 3NLDartford RoadSouth Shields£302,2416
NE33 1LRHarbour ViewSouth Shields£297,1128
NE33 3HLGrosvenor RoadSouth Shields£273,1254
NE33 2NJNelson AvenueSouth Shields£270,0004

Least Expensive Streets in NE33 (South Shields)

PostcodeStreetAreaAverageNo. of Sales
NE33 5HPJohn Williamson StreetSouth Shields£48,0003
NE33 5HSJohn Williamson StreetSouth Shields£53,2494
NE33 3DJMowbray Mews, Back Eccleston RoadSouth Shields£53,3333
NE33 4SYRevesby StreetSouth Shields£54,0003
NE33 4JYCollingwood StreetSouth Shields£55,0717
NE33 4STStanhope RoadSouth Shields£58,0003
NE33 5AWTaylor StreetSouth Shields£58,0717
NE33 5PDMarshall Wallis RoadSouth Shields£58,2818
NE33 4BYNorthcote StreetSouth Shields£58,5007
NE33 3JPCandlish StreetSouth Shields£59,4166

Explore NE33 (South Shields) using map

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