2, THORP COTTAGES, RYTON, NE40 3AU - £135,000

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 THORP COTTAGES is a very small extended detached house of 55m², built sometime before 1900. It was last sold for £135,000 in January 2007, which was around 38% below the average January 2007 detached price in the Gateshead local authority area. The most recent EPC inspection was May 2020, where the current energy rating was D, and the potential energy rating was B.

2 THORP COTTAGES Sold Prices

Land registry data shows four sales for 2 THORP COTTAGES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the four 2 THORP COTTAGES sales were for below 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
2007 4 JAN	£135,000	£216,539	38% below HPI
2004 14 JUL	£122,500	£189,735	35% below HPI
1999 7 JUN	£36,000	£80,287	55% below HPI
1997 19 SEP	£26,500	£78,254	66% below HPI

2 THORP COTTAGES 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 four 2 THORP COTTAGES sales between September 1997 and January 2007 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 July 2004 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the January 2007 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 2 THORP COTTAGES?

2 THORP COTTAGES is 55m², which includes one extension, according to the EPC inspection conducted in May 2020. This puts it in the smallest 10% 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 THORP COTTAGES lies on this distribution: 2% of detached houses are smaller than 2 THORP COTTAGES, and 98% of houses are larger. Note that EPC data is not available for all properties in Ryton.

2 THORP COTTAGES: Plot and Title Map

2 THORP COTTAGES sits on a plot of roughly 0.015 of an acre, or 62m². The below map shows the location of 2 THORP COTTAGES, 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 THORP COTTAGES). 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 THORP COTTAGES?

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