1, RIDGE WAY, WALLSEND, NE28 9FF - £300,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 RIDGE WAY is a large detached house of 116m². It was last sold for £300,000 in December 2021, which was around 7% below the average December 2021 detached price in the North Tyneside local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

1 RIDGE WAY Sold Prices

Land registry data shows two sales for 1 RIDGE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. Both of the two 1 RIDGE WAY 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
2021 20 DEC	£300,000	£322,698	7% below HPI
2017 30 JUN	£249,950	£272,747	8% below HPI

1 RIDGE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Tyneside local authority area over time, sourced from the HPI. The two 1 RIDGE WAY sales from June 2017 and December 2021 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 June 2017 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the December 2021 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 1 RIDGE WAY?

1 RIDGE WAY is 116m² according to the EPC inspection conducted in June 2017. This puts it in the largest 30% of detached houses in Wallsend, based on EPC data. The below chart shows the distribution of detached houses by size in Wallsend, and where 1 RIDGE WAY lies on this distribution: 70% of detached houses are smaller than 1 RIDGE WAY, and 23% of houses are larger. Note that EPC data is not available for all properties in Wallsend.

1 RIDGE WAY: Plot and Title Map

1 RIDGE WAY sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 1 RIDGE WAY, 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 1 RIDGE WAY). 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 1 RIDGE WAY?

1 RIDGE WAY is located in WALLSEND, in the NE28 postcode district. The below map shows the position of No. 1 on RIDGE WAY.