2, MEADOW CLOSE, RYTON, NE40 3RU - £216,000

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

2 MEADOW CLOSE is a midsized extended detached house of 111m², built sometime between 1950 and 1966. It was last sold for £216,000 in June 2017, which was around 6% below the average June 2017 detached price in the Gateshead local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

2 MEADOW CLOSE Sold Prices

Land registry data shows two sales for 2 MEADOW CLOSE 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. One of the two 2 MEADOW CLOSE sales was for below the average price, whilst the other was 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
2017 9 JUN	£216,000	£231,014	6% below HPI
1995 14 AUG	£75,000	£73,314	2% above HPI

2 MEADOW 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 two 2 MEADOW CLOSE sales from August 1995 and June 2017 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 1995 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the June 2017 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 2 MEADOW CLOSE?

2 MEADOW CLOSE is 111m², which includes three extensions, according to the EPC inspection conducted in May 2015. This puts it in the smallest 50% of detached houses in Ryton, based on EPC data. The below chart shows the distribution of detached houses by size in Ryton, and where 2 MEADOW CLOSE lies on this distribution: 43% of detached houses are smaller than 2 MEADOW CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in Ryton.

2 MEADOW CLOSE: Plot and Title Map

2 MEADOW CLOSE sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 2 MEADOW 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 2 MEADOW 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 2 MEADOW CLOSE?

2 MEADOW CLOSE is located in RYTON, in the NE40 postcode district. The below map shows the position of No. 2 on MEADOW CLOSE.