1, SOUTH CLOSE, RYTON, NE40 3LW - £305,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 SOUTH CLOSE is a large extended detached house of 122m², built sometime between 1967 and 1975. It was last sold for £305,000 in May 2016, which was around 39% above the average May 2016 detached price in the Gateshead local authority area. The most recent EPC inspection was November 2009, where the current energy rating was C, and the potential energy rating was C.

1 SOUTH CLOSE Sold Prices

Land registry data shows three sales for 1 SOUTH CLOSE 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 SOUTH CLOSE 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
2016 20 MAY	£305,000	£219,014	39% above HPI
2005 28 JUL	£226,000	£200,893	12% above HPI
1999 30 APR	£85,000	£79,965	6% above HPI

1 SOUTH CLOSE 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 SOUTH CLOSE sales between April 1999 and May 2016 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 July 2005 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the May 2016 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

How Large is 1 SOUTH CLOSE?

1 SOUTH CLOSE is 122m², which includes one extension, according to the EPC inspection conducted in November 2009. This puts it in the largest 40% of detached houses in Ryton, based on EPC data. The below chart shows the distribution of detached houses by size in Ryton, and where 1 SOUTH CLOSE lies on this distribution: 60% of detached houses are smaller than 1 SOUTH CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Ryton.

1 SOUTH CLOSE: Plot and Title Map

1 SOUTH CLOSE sits on a plot of roughly 0.103 of an acre, or 418m². The below map shows the location of 1 SOUTH CLOSE, 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 SOUTH CLOSE). 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 SOUTH CLOSE?

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