15, THE RIDINGS, WHITLEY BAY, NE25 9XZ - £450,000

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

15 THE RIDINGS is a very small detached house of 60m², built sometime between 1983 and 1990. It was last sold for £450,000 in February 2023, which was around 27% above the average February 2023 detached price in the North Tyneside local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

15 THE RIDINGS Sold Prices

Land registry data shows three sales for 15 THE RIDINGS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. One of the three 15 THE RIDINGS sales was for above the average price, whilst two 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 22 FEB	£450,000	£355,311	27% above HPI
2012 28 JUN	£210,000	£225,770	7% below HPI
1997 10 OCT	£71,000	£83,487	15% below HPI

15 THE RIDINGS 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 three 15 THE RIDINGS sales between October 1997 and February 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 2012 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the February 2023 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is 15 THE RIDINGS?

15 THE RIDINGS is 60m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 10% of detached houses in Whitley Bay, based on EPC data. The below chart shows the distribution of detached houses by size in Whitley Bay, and where 15 THE RIDINGS lies on this distribution: 1% of detached houses are smaller than 15 THE RIDINGS, and 98% of houses are larger. Note that EPC data is not available for all properties in Whitley Bay.

15 THE RIDINGS: Plot and Title Map

15 THE RIDINGS sits on a plot of roughly 0.084 of an acre, or 342m². The below map shows the location of 15 THE RIDINGS, 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 15 THE RIDINGS). 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 15 THE RIDINGS?

15 THE RIDINGS is located in WHITLEY BAY, in the NE25 postcode district. The below map shows the position of No. 15 on THE RIDINGS.