32, RIDGE WAY, WALLSEND, NE28 9FF - £303,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

32 RIDGE WAY is a midsized detached house of 98m², which could now be worth an estimated £297,195. It was last sold for £303,000 in October 2024, which was around 20% below the average October 2024 detached price in the North Tyneside local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

32 RIDGE WAY Sold Prices

Land registry data shows two sales for 32 RIDGE WAY 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 32 RIDGE WAY 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
2024 7 OCT	£303,000	£377,852	20% below HPI
2020 15 OCT	£245,950	£300,951	18% below HPI

32 RIDGE WAY 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 32 RIDGE WAY sales from October 2020 and October 2024 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 2020 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2024 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 32 RIDGE WAY be worth now?

32 RIDGE WAY might now be worth an estimated £297,195.

This is based on house price deflation of 1.9%, between October 2024 and December 2024, 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 1.9% deflationary decrease is applied to the most recent sale price for 32 RIDGE WAY of £303,000 on 7th October 2024. For the value to have decreased from £303,000 to £297,195 over the ten months to December 2024, the following assumptions must hold true:

• The value of 32 RIDGE WAY has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The October 2024 sale price of £303,000 represented a fair market value for the property.
• The size, condition, and specification of 32 RIDGE WAY has not materially changed since October 2024.

How Large is 32 RIDGE WAY?

32 RIDGE WAY is 98m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 50% of detached houses houses in Wallsend, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wallsend, and where 32 RIDGE WAY lies on this distribution: 43% of detached houses houses are smaller than 32 RIDGE WAY, and 53% of houses are larger. Note that EPC data is not available for all properties in Wallsend.

32 RIDGE WAY: Plot and Title Map

32 RIDGE WAY sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 32 RIDGE WAY, 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 32 RIDGE WAY). 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 32 RIDGE WAY?

32 RIDGE WAY is located in WALLSEND, in the NE28 postcode district. The below map shows the position of No. 32 on RIDGE WAY.