2, RIDGE WAY, WALLSEND, NE28 9FF - £190,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 RIDGE WAY is a very small semi-detached house of 78m², which could now be worth an estimated £253,976. It was last sold for £190,000 in August 2019, which was around 14% above the average August 2019 semi-detached price in the North Tyneside local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

2 RIDGE WAY Sold Prices

Land registry data shows two sales for 2 RIDGE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the North Tyneside local authority area for the corresponding sale date. Both of the two 2 RIDGE WAY 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
2019 29 AUG	£190,000	£166,702	14% above HPI
2017 30 JUN	£174,950	£156,956	11% above HPI

2 RIDGE WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Tyneside local authority area over time, sourced from the HPI. The two 2 RIDGE WAY sales from June 2017 and August 2019 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 2017 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the August 2019 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 2 RIDGE WAY be worth now?

2 RIDGE WAY might now be worth an estimated £253,976.

This is based on house price inflation of 33.7%, between August 2019 and December 2024, for semi-detached houses, in the North Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.7% inflationary increase is applied to the most recent sale price for 2 RIDGE WAY of £190,000 on 29th August 2019. For the value to have increased from £190,000 to £253,976 over the four years and eight months to December 2024, the following assumptions must hold true:

• The value of 2 RIDGE WAY has moved in line with the HPI for semi-detached houses in the North Tyneside local authority area.
• The August 2019 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RIDGE WAY has not materially changed since August 2019.

How Large is 2 RIDGE WAY?

2 RIDGE WAY is 78m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 10% of semi-detached houses houses in Wallsend, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Wallsend, and where 2 RIDGE WAY lies on this distribution: 9% of semi-detached houses houses are smaller than 2 RIDGE WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in Wallsend.

2 RIDGE WAY: Plot and Title Map

2 RIDGE WAY sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 2 RIDGE WAY, 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 RIDGE WAY). 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 RIDGE WAY?

2 RIDGE WAY is located in WALLSEND, in the NE28 postcode district. The below map shows the position of No. 2 on RIDGE WAY.