23, THE RIDINGS, WHITLEY BAY, NE25 9XZ - £347,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

23 THE RIDINGS is a very small detached house of 87m², built sometime between 1991 and 1995, which could now be worth an estimated £590,718. It was last sold for £347,500 in August 2009, which was around 59% above the average August 2009 detached price in the North Tyneside local authority area. The most recent EPC inspection was June 2009, where the current energy rating was D, and the potential energy rating was C.

23 THE RIDINGS Sold Prices

Land registry data shows two sales for 23 THE RIDINGS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. Both of the two 23 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
2009 12 AUG	£347,500	£219,210	59% above HPI
1997 8 AUG	£123,000	£83,997	46% above HPI

23 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 two 23 THE RIDINGS sales from August 1997 and August 2009 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 1997 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the August 2009 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

What might 23 THE RIDINGS be worth now?

23 THE RIDINGS might now be worth an estimated £590,718.

This is based on house price inflation of 70%, between August 2009 and February 2025, for 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 70% inflationary increase is applied to the most recent sale price for 23 THE RIDINGS of £347,500 on 12th August 2009. For the value to have increased from £347,500 to £590,718 over the sixteen years and six months to February 2025, the following assumptions must hold true:

• The value of 23 THE RIDINGS has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The August 2009 sale price of £347,500 represented a fair market value for the property.
• The size, condition, and specification of 23 THE RIDINGS has not materially changed since August 2009.

How Large is 23 THE RIDINGS?

23 THE RIDINGS is 87m² according to the EPC inspection conducted in June 2009. This puts it in the smallest 20% of detached houses houses in Whitley Bay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Whitley Bay, and where 23 THE RIDINGS lies on this distribution: 10% of detached houses houses are smaller than 23 THE RIDINGS, and 90% of houses are larger. Note that EPC data is not available for all properties in Whitley Bay.

23 THE RIDINGS: Plot and Title Map

23 THE RIDINGS sits on a plot of roughly 0.197 of an acre, or 796m². The below map shows the location of 23 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 23 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 23 THE RIDINGS?

23 THE RIDINGS is located in WHITLEY BAY, in the NE25 postcode district. The below map shows the position of No. 23 on THE RIDINGS.