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

The average house price in NE34 (South Shields) is £236,470 using HM Land Registry data.

The average property price increased by £26,995 (35.49%) over the last 5 years and increased by £5,409 (5.03%) over the last 12 months.

Over the last year, there were 360 residential property sales – a decrease of 138 transactions (-38.33%) relative to the previous year. The majority of house sales (96) were in the £80,000 - £124,000 range. Then came properties in the £124,000 - £168,000 range, where 74 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 57 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,737 (-4%).

In Oct 24, there were 76 new estate agency instructions, 46 agreed home sales and 29 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) - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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
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
42 Felton Avenue, South Shields, Tyne And Wear, NE34 6RY£194,995£193,000-£1,99505 Sep 202314 Jun 2024283 Days
59 Nora Street, South Shields, Tyne And Wear, NE34 0RB£142,500£139,000-£3,50028 Sep 202307 Jun 2024253 Days
233 Cheviot Road, South Shields, Tyne And Wear, NE34 7TA£205,000£193,000-£12,00008 Jan 202423 May 2024136 Days
12 Moreland Road, South Shields, Tyne And Wear, NE34 8NQ£120,000£120,000£0016 Nov 202315 May 2024181 Days
182 Beaconside, South Shields, Tyne And Wear, NE34 7PU£325,000£320,000-£5,00030 Apr 202410 May 202410 Days
55 Horsley Vale, South Shields, Tyne And Wear, NE34 6LA£150,000£150,000£0002 Feb 202402 May 202490 Days
23 Hertford Avenue, South Shields, Tyne And Wear, NE34 7TX£90,000£90,000£0021 Feb 202425 Apr 202464 Days
1 Thornholme Avenue, South Shields, Tyne And Wear, NE34 7DR£200,000£200,000£0029 Jan 202419 Apr 202481 Days
26 Braemar Drive, South Shields, Tyne And Wear, NE34 7TZ£320,000£305,000-£15,00023 Jan 202415 Apr 202483 Days

Most Expensive Streets in NE34 (South Shields)

PostcodeStreetAreaAverageNo. of Sales
NE34 8BUParkshielSouth Shields£481,7504
NE34 6BBNorth AvenueSouth Shields£442,5003
NE34 6AQSunderland RoadSouth Shields£428,1254
NE34 0EUKing George RoadSouth Shields£422,5006
NE34 6AAMoore AvenueSouth Shields£372,7905
NE34 6EXTynedale RoadSouth Shields£367,0005
NE34 8DNSunniriseSouth Shields£360,6663
NE34 0ETKing George RoadSouth Shields£358,0005
NE34 8DHSunniside DriveSouth Shields£356,6663
NE34 6NDSunderland RoadSouth Shields£353,3333

Least Expensive Streets in NE34 (South Shields)

PostcodeStreetAreaAverageNo. of Sales
NE34 0QWGordon RoadSouth Shields£63,3333
NE34 0HXHollingside WaySouth Shields£70,0003
NE34 0JZBrabourne StreetSouth Shields£70,0717
NE34 9JJSheridan RoadSouth Shields£70,1663
NE34 0QTBrownlow RoadSouth Shields£71,5004
NE34 8HBWhiteleas WaySouth Shields£73,4163
NE34 0RRMortimer RoadSouth Shields£76,8333
NE34 7HYDevon GardensSouth Shields£78,0836
NE34 0PGEmlyn RoadSouth Shields£79,8523
NE34 6LDHorsley ValeSouth Shields£80,0003

Explore NE34 (South Shields) using map

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