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House Prices in NE34 House Prices in NE34 (South Shields)

The average house price in NE34 (South Shields) is £151,899 using HM Land Registry data.

The average property price increased by £24,620 (35.49%) over the last 5 years and increased by £4,933 (5.03%) over the last 12 months.

Over the last year, there were 384 residential property sales – a decrease of 96 transactions (-25.00%) relative to the previous year. The majority of house sales (102) were in the £80,000 - £126,000 range. Then came properties in the £126,000 - £172,000 range, where 88 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 122 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,757 (-3%).

In Dec 24, there were 38 new estate agency instructions, 36 agreed home sales and 26 property price reductions.

Nearby Postcodes: NE10, NE12, NE25, NE26, NE27, NE28, NE29, NE30, NE31, NE32, NE33, NE35, NE36, NE37, NE6, NE7, SR1, SR5, SR6

5-Year Average Property Prices in NE34 (South Shields)

35.49%

Property prices in South Shields increased by 35.49% 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 NE34 (South Shields) Over the Last Year

5.03%

Property prices in South Shields increased by 5.03% 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 NE34 (South Shields) - Dec 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 NE34 (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 NE34 (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 NE34 (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 NE34 (South Shields) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE34 postcode area since 1995.

Recent Sales in NE34 (South Shields)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
31 Cauldwell Avenue, South Shields, Tyne And Wear, NE34 0SB£199,950£199,950£0019 Aug 202422 Nov 202495 Days
75 Grotto Road, South Shields, Tyne And Wear, NE34 7AQ£240,000£237,500-£2,50020 Jul 202321 Nov 2024490 Days
37 Lumley Avenue, South Shields, Tyne And Wear, NE34 7DP£185,000£185,000£0021 Jun 202418 Nov 2024150 Days
20 Pine Avenue, South Shields, Tyne And Wear, NE34 7PH£112,500£112,000-£50017 Jun 202418 Nov 2024154 Days
100 Cheviot Road, South Shields, Tyne And Wear, NE34 7ST£209,995£205,000-£4,99510 Jun 202415 Nov 2024158 Days
15 Cleadon Towers, South Shields, Tyne And Wear, NE34 8EN£675,000£630,000-£45,00016 Jul 202415 Nov 2024122 Days
22 Holly Avenue, South Shields, Tyne And Wear, NE34 7NR£260,000£255,000-£5,00007 Nov 202314 Nov 2024373 Days
1 Windsor Gardens, South Shields, Tyne And Wear, NE34 6NA£285,000£270,000-£15,00026 Apr 202401 Nov 2024189 Days
35 Ewart Crescent, South Shields, Tyne And Wear, NE34 9EL£125,000£120,000-£5,00024 Jun 202431 Oct 2024129 Days
25 Grotto Road, South Shields, Tyne And Wear, NE34 7AQ£215,000£211,000-£4,00015 Mar 202413 Aug 2024151 Days
26 Crofton Street, South Shields, Tyne And Wear, NE34 0QP£90,000£90,000£0026 Jun 202402 Aug 202437 Days
25 Callum Drive, South Shields, Tyne And Wear, NE34 6TZ£360,000£357,500-£2,50001 May 202431 Jul 202491 Days
31 Sydney Gardens, South Shields, Tyne And Wear, NE34 9DZ£120,000£113,000-£7,00013 Dec 202312 Jul 2024212 Days
17 Central Gardens, South Shields, Tyne And Wear, NE34 6BA£240,000£230,000-£10,00019 Feb 202428 Jun 2024130 Days
9 Fenwick Avenue, South Shields, Tyne And Wear, NE34 9AJ£250,000£245,000-£5,00028 Oct 202328 Jun 2024244 Days
31 School Approach, South Shields, Tyne And Wear, NE34 6DR£210,000£197,500-£12,50008 Nov 202328 Jun 2024233 Days
30 Central Avenue, South Shields, Tyne And Wear, NE34 6AZ£399,950£390,000-£9,95026 Jan 202425 Jun 2024151 Days
103 West Avenue, South Shields, Tyne And Wear, NE34 6BH£330,000£322,500-£7,50005 Feb 202421 Jun 2024137 Days
17 Fallow Road, South Shields, Tyne And Wear, NE34 7AG£284,950£277,500-£7,45013 Nov 202314 Jun 2024214 Days
32 Sunnirise, South Shields, Tyne And Wear, NE34 8DP£365,000£360,000-£5,00017 Feb 202414 Jun 2024118 Days

Most Expensive Streets in NE34 (South Shields)

PostcodeStreetAreaAverageNo. of Sales
NE34 8BUParkshielSouth Shields£468,4005
NE34 6BBNorth AvenueSouth Shields£442,5003
NE34 0EUKing George RoadSouth Shields£438,5717
NE34 6AQSunderland RoadSouth Shields£428,1254
NE34 6AAMoore AvenueSouth Shields£379,8256
NE34 6EXTynedale RoadSouth Shields£367,0005
NE34 8DNSunniriseSouth Shields£360,6663
NE34 6AZCentral AvenueSouth Shields£359,5624
NE34 0ETKing George RoadSouth Shields£358,0005
NE34 8DHSunniside DriveSouth Shields£356,6663

Least Expensive Streets in NE34 (South Shields)

PostcodeStreetAreaAverageNo. of Sales
NE34 0QWGordon RoadSouth Shields£63,3333
NE34 0JZBrabourne StreetSouth Shields£69,4378
NE34 9JJSheridan RoadSouth Shields£71,1663
NE34 0QTBrownlow RoadSouth Shields£71,5004
NE34 0RRMortimer RoadSouth Shields£76,8333
NE34 9SYDickens AvenueSouth Shields£77,3333
NE34 7HYDevon GardensSouth Shields£78,0836
NE34 0PGEmlyn RoadSouth Shields£79,8523
NE34 6LDHorsley ValeSouth Shields£80,0003
NE34 9JAKingsley AvenueSouth Shields£82,2905

Explore NE34 (South Shields) using map

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