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

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 THE PINES is a very small detached house of 78m², built sometime between 1967 and 1975. It was last sold for £265,000 in March 2023, which was around 3% 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. Both of the two 3 THE PINES 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
2023 3 MAR	£265,000	£272,834	3% below HPI
2021 12 OCT	£255,000	£257,830	1% below 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 was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the March 2023 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

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 in Greenside, based on EPC data. The below chart shows the distribution of detached houses by size in Greenside, and where 3 THE PINES lies on this distribution: 10% of detached houses are smaller than 3 THE PINES, and 87% 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.