15, WELL RIDGE CLOSE, WHITLEY BAY, NE25 9PN - £750,000

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 WELL RIDGE CLOSE is a very large extended detached house of 400m², built sometime between 1983 and 1990. It was last sold for £750,000 in June 2021, which was around 141% above the average June 2021 detached price in the North Tyneside local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was C.

15 WELL RIDGE CLOSE Sold Prices

Land registry data shows three sales for 15 WELL RIDGE 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 North Tyneside local authority area for the corresponding sale date. All of the three 15 WELL RIDGE 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
2021 30 JUN	£750,000	£311,802	141% above HPI
1999 20 AUG	£215,000	£89,308	141% above HPI
1996 15 AUG	£166,000	£79,414	109% above HPI

15 WELL RIDGE CLOSE 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 WELL RIDGE CLOSE sales between August 1996 and June 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 August 1999 sale was for 141% above the HPI. So the extrapolation line tracks at 141% above the HPI over time, until the June 2021 sale, which was also at 141% above the HPI.

How Large is 15 WELL RIDGE CLOSE?

15 WELL RIDGE CLOSE is 400m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the largest 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 WELL RIDGE CLOSE lies on this distribution: More than 99% of detached houses are smaller than 15 WELL RIDGE CLOSE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Whitley Bay.

15 WELL RIDGE CLOSE: Plot and Title Map

15 WELL RIDGE CLOSE sits on a plot of roughly 0.213 of an acre, or 863m². The below map shows the location of 15 WELL RIDGE 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 15 WELL RIDGE 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 15 WELL RIDGE CLOSE?

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