3, THE PINES, GREENSIDE, RYTON, NE40 4QJ - £265,000

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.

3 THE PINES is a very small detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £274,786. It was last sold for £265,000 in March 2023, which was around 2% below the average March 2023 detached price in the Gateshead local authority area. The most recent EPC inspection was June 2021, where the current energy rating was E, and the potential energy rating was B.

3 THE PINES Sold Prices

Land registry data shows two sales for 3 THE PINES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. One of the two 3 THE PINES sales was for below the average price, whilst the other was roughly equal to 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
2023 3 MAR	£265,000	£270,998	2% below HPI
2021 12 OCT	£255,000	£256,095	Close to HPI

3 THE PINES 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 two 3 THE PINES sales from October 2021 and March 2023 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 October 2021 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2023 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 3 THE PINES be worth now?

3 THE PINES might now be worth an estimated £274,786.

This is based on house price inflation of 3.7%, between March 2023 and February 2025, for detached houses, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.7% inflationary increase is applied to the most recent sale price for 3 THE PINES of £265,000 on 3rd March 2023. For the value to have increased from £265,000 to £274,786 over the two years and one month to February 2025, the following assumptions must hold true:

• The value of 3 THE PINES has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The March 2023 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE PINES has not materially changed since March 2023.

How Large is 3 THE PINES?

3 THE PINES is 78m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 10% of detached houses houses in Greenside, based on EPC data. The below chart shows the distribution of detached houses houses by size in Greenside, and where 3 THE PINES lies on this distribution: 9% of detached houses houses are smaller than 3 THE PINES, and 88% of houses are larger. Note that EPC data is not available for all properties in Greenside.

3 THE PINES: Plot and Title Map

3 THE PINES sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 3 THE PINES, 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 3 THE PINES). 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 3 THE PINES?

3 THE PINES is located in GREENSIDE, in the NE40 postcode district. The below map shows the position of No. 3 on THE PINES.