3, RICHMOND WAY, PONTELAND, NEWCASTLE UPON TYNE, NE20 9HU - £885,000
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
3 RICHMOND WAY is a large extended detached house of 243m², built sometime between 1950 and 1966. It was last sold for £885,000 in August 2021, which was around 204% above the average August 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was December 2016, where the current energy rating was E, and the potential energy rating was D.
3 RICHMOND WAY Sold Prices
Land registry data shows two sales for 3 RICHMOND WAY since 1st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Both of the two 3 RICHMOND 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 |
|---|---|---|---|
2021 9 AUG | £885,000 | £290,646 |  204% above HPI |
1997 27 JUN | £250,000 | £88,039 | 184% above HPI |
3 RICHMOND WAY Price Paid vs. HPI Average
The below graph shows the average detached house price in the Northumberland local authority area over time, sourced from the HPI. The two 3 RICHMOND WAY sales from June 1997 and August 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 June 1997 sale was for 184% above the HPI. So the extrapolation line tracks at 184% above the HPI over time, until the August 2021 sale, where it rises to 204% above the HPI. The line then continues to track at 204% above the HPI.
How Large is 3 RICHMOND WAY?
3 RICHMOND WAY is 243m², which includes four extensions, according to the EPC inspection conducted in December 2016. This puts it in the largest 30% of detached houses in Ponteland, based on EPC data. The below chart shows the distribution of detached houses by size in Ponteland, and where 3 RICHMOND WAY lies on this distribution: 76% of detached houses are smaller than 3 RICHMOND WAY, and 24% of houses are larger. Note that EPC data is not available for all properties in Ponteland.
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