16, SILVERMERE DRIVE, RYTON, NE40 3HA - £245,000

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

16 SILVERMERE DRIVE is a large detached house of 129m², built sometime between 1991 and 1995. It was last sold for £245,000 in August 2012, which was around 25% above the average August 2012 detached price in the Gateshead local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was C.

16 SILVERMERE DRIVE Sold Prices

Land registry data shows three sales for 16 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 16 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
2012 14 AUG	£245,000	£195,682	25% above HPI
2005 7 NOV	£285,000	£203,001	40% above HPI
2002 26 JUN	£158,000	£111,024	42% above HPI

16 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 16 SILVERMERE DRIVE sales between June 2002 and August 2012 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 November 2005 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the August 2012 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is 16 SILVERMERE DRIVE?

16 SILVERMERE DRIVE is 129m² according to the EPC inspection conducted in November 2010. 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 16 SILVERMERE DRIVE lies on this distribution: 64% of detached houses are smaller than 16 SILVERMERE DRIVE, and 36% of houses are larger. Note that EPC data is not available for all properties in Ryton.

16 SILVERMERE DRIVE: Plot and Title Map

16 SILVERMERE DRIVE sits on a plot of roughly 0.147 of an acre, or 595m². The below map shows the location of 16 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 16 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 16 SILVERMERE DRIVE?

16 SILVERMERE DRIVE is located in RYTON, in the NE40 postcode district. The below map shows the position of No. 16 on SILVERMERE DRIVE.