12, THE RIDGE, RYTON, NE40 3LN - £280,000

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

12 THE RIDGE is a small detached house of 93m², built sometime between 1967 and 1975. It was last sold for £280,000 in June 2023, which was around 1% below the average June 2023 detached price in the Gateshead local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was C.

12 THE RIDGE Sold Prices

Land registry data shows two sales for 12 THE RIDGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. Both of the two 12 THE RIDGE 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
2023 2 JUN	£280,000	£281,776	1% below HPI
2004 4 JUN	£160,000	£183,815	13% below HPI

12 THE RIDGE 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 two 12 THE RIDGE sales from June 2004 and June 2023 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 2004 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2023 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 12 THE RIDGE?

12 THE RIDGE is 93m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 30% of detached houses in Ryton, based on EPC data. The below chart shows the distribution of detached houses by size in Ryton, and where 12 THE RIDGE lies on this distribution: 26% of detached houses are smaller than 12 THE RIDGE, and 73% of houses are larger. Note that EPC data is not available for all properties in Ryton.

12 THE RIDGE: Plot and Title Map

12 THE RIDGE sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 12 THE RIDGE, 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 12 THE RIDGE). 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 12 THE RIDGE?

12 THE RIDGE is located in RYTON, in the NE40 postcode district. The below map shows the position of No. 12 on THE RIDGE.