2, THE RIDINGS, WHITLEY BAY, NE25 9XZ - £525,000

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 THE RIDINGS is a very small detached house of 97m², built sometime between 1991 and 1995. It was last sold for £525,000 in May 2021, which was around 69% above the average May 2021 detached price in the North Tyneside local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was B.

2 THE RIDINGS Sold Prices

Land registry data shows five sales for 2 THE RIDINGS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. All of the five 2 THE RIDINGS 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 25 MAY	£525,000	£310,034	69% above HPI
2016 10 NOV	£290,000	£272,992	6% above HPI
2009 2 APR	£250,000	£217,018	15% above HPI
2006 3 MAR	£262,000	£234,597	12% above HPI
1997 27 JUN	£98,500	£80,297	23% above HPI

2 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 five 2 THE RIDINGS sales between June 1997 and May 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 November 2016 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the May 2021 sale, where it rises to 69% above the HPI. The line then continues to track at 69% above the HPI.

How Large is 2 THE RIDINGS?

2 THE RIDINGS is 97m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 20% 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 2 THE RIDINGS lies on this distribution: 15% of detached houses are smaller than 2 THE RIDINGS, and 84% of houses are larger. Note that EPC data is not available for all properties in Whitley Bay.

2 THE RIDINGS: Plot and Title Map

2 THE RIDINGS sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 2 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 2 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 2 THE RIDINGS?

2 THE RIDINGS is located in WHITLEY BAY, in the NE25 postcode district. The below map shows the position of No. 2 on THE RIDINGS.