South Shields

Area Guide For South Shields

South Shields is a beachfront town at the mouth of the River Tyne, England, around 4.84 miles downstream from Newcastle upon Tyne. Truly in County Durham, the town has a population of 82,854 the third biggest in Tyneside after Newcastle and Gateshead. It is a piece of the metropolitan district of South Tyneside which incorporates the towns of Jarrow and Hebburn. South Shields is spoken to in Parliament by Labor MP Emma Lewell-Buck.

The first confirmation of a settlement inside what is presently the town of South Shields dates from ancient times. Stone Age arrow points and an Iron Age round house have been found on the site of Arbeia Roman Fort.

 
 

South Shields Map

Estimated Price: £134,251
Average Asking Price: £133,282
Price change in last one year: £7,774
Average Price Paid: £118,970
Average Rent Rates: £569

 
 

Property Prices Breakdown in South Shields

Average Price for property in South Shields is around £134,251 which varies based on type of property you are interested in and ranges from £251,665 for detached house to around £156,996 for semi-detached. Similarly terraced house is around £119,097 and a flat is worth £92,794. Values have been changing and have risen £411 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,474 in last 6 months, £7,774 in last 1 year, £12,125 in last 2 years, £11,470 in last 3 years, £11,035 in last 4 years and £9,170 in last 5 years.

Currently average asking price of a property in South Shields is around £133,282 based on approximately 690 properties for sale. Same is the case with rental options based on 313 properties up for rent, average asking rent is around £569 per month.

Estimated property value in South Shields is £134,251. Average asking price is £133,282 while average price paid is £122,223 which is up by £7,774 and Avg. asking rent £569.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in South Shields area. In last 1 year alone average price buyer paid is around £122,223 based on approximately 690 sales in South Shields area alone. If you compare it to last 3 years sales of 2,160 properties where buyers paid around £119,717. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £118,970 for 3,544 and average amount paid for purchase of approx. 4,918 properties sold in last 7 years comes to about £120,331 per sale.

 
 

Properties For Sale in South Shields

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £130,000, £114,950 for a 2 bedroom house, £146,865 for a 3 bedroom house, £234,435 for a 4 bedroom house and £247,731 for a 5 bedroom house. For a flat similarly the prices varies from £68,884 for a single bedroom to £83,106 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £84,130, £100,258 for a 4 bedroom flat and £103,980 for a 5 bedroom flat. To sum up the asking prices for properties in South Shields it comes to around average £71,662 for 1 bedroom property, £94,705 for 2 bedroom, £137,036 for 3 bedroom, £214,958 for 4 bedroom and £222,946 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £371 for 1 bedroom to £477 for 2 bedrooms, £597 for 3 bedrooms, £718 for 4 bedrooms and £559 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £405. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £442, £474 for 3 bedroom and £452 for 4 bedroom. You should be generally be expecting around average £396 rent per month for single bedroom property, £447 for 2 bedroom, £524 for 3 bedroom, £597 for 4 bedroom and approximately £559 for a 5 bedroom property in South Shields area.

Popular Houses in South Shields

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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