1, SILVERMERE DRIVE, RYTON, NE40 3HA - £320,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 SILVERMERE DRIVE is a large detached house of 134m², built sometime between 1983 and 1990, which could now be worth an estimated £421,953. It was last sold for £320,000 in August 2006, which was around 50% above the average August 2006 detached price in the Gateshead local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was C.

1 SILVERMERE DRIVE Sold Prices

Land registry data shows three sales for 1 SILVERMERE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the three 1 SILVERMERE DRIVE sales were for above 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
2006 11 AUG	£320,000	£213,109	50% above HPI
1998 21 DEC	£135,000	£78,698	72% above HPI
1995 7 JUN	£136,000	£72,640	87% above HPI

1 SILVERMERE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gateshead local authority area over time, sourced from the HPI. The three 1 SILVERMERE DRIVE sales between June 1995 and August 2006 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 December 1998 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the August 2006 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might 1 SILVERMERE DRIVE be worth now?

1 SILVERMERE DRIVE might now be worth an estimated £421,953.

This is based on house price inflation of 31.9%, between August 2006 and February 2025, for detached houses, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.9% inflationary increase is applied to the most recent sale price for 1 SILVERMERE DRIVE of £320,000 on 11th August 2006. For the value to have increased from £320,000 to £421,953 over the nineteen years and six months to February 2025, the following assumptions must hold true:

• The value of 1 SILVERMERE DRIVE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The August 2006 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SILVERMERE DRIVE has not materially changed since August 2006.

How Large is 1 SILVERMERE DRIVE?

1 SILVERMERE DRIVE is 134m² according to the EPC inspection conducted in August 2011. This puts it in the largest 30% of detached houses houses in Ryton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ryton, and where 1 SILVERMERE DRIVE lies on this distribution: 70% of detached houses houses are smaller than 1 SILVERMERE DRIVE, and 30% of houses are larger. Note that EPC data is not available for all properties in Ryton.

1 SILVERMERE DRIVE: Plot and Title Map

1 SILVERMERE DRIVE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 1 SILVERMERE DRIVE, 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 SILVERMERE DRIVE). 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 SILVERMERE DRIVE?

1 SILVERMERE DRIVE is located in RYTON, in the NE40 postcode district. The below map shows the position of No. 1 on SILVERMERE DRIVE.