38, WELL RIDGE CLOSE, WHITLEY BAY, NE25 9PN - £508,000

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.

38 WELL RIDGE CLOSE is a midsized extended detached house of 143m², built sometime between 1983 and 1990, which could now be worth an estimated £558,681. It was last sold for £508,000 in July 2022, which was around 50% above the average July 2022 detached price in the North Tyneside local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was C.

38 WELL RIDGE CLOSE Sold Prices

Land registry data shows two sales for 38 WELL RIDGE CLOSE 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 38 WELL RIDGE CLOSE 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
2022 8 JUL	£508,000	£338,833	50% above HPI
2014 12 AUG	£307,500	£246,171	25% above HPI

38 WELL RIDGE CLOSE 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 38 WELL RIDGE CLOSE sales from August 2014 and July 2022 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 2014 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the July 2022 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might 38 WELL RIDGE CLOSE be worth now?

38 WELL RIDGE CLOSE might now be worth an estimated £558,681.

This is based on house price inflation of 10%, between July 2022 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 10% inflationary increase is applied to the most recent sale price for 38 WELL RIDGE CLOSE of £508,000 on 8th July 2022. For the value to have increased from £508,000 to £558,681 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 38 WELL RIDGE CLOSE has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The July 2022 sale price of £508,000 represented a fair market value for the property.
• The size, condition, and specification of 38 WELL RIDGE CLOSE has not materially changed since July 2022.

How Large is 38 WELL RIDGE CLOSE?

38 WELL RIDGE CLOSE is 143m², which includes two extensions, according to the EPC inspection conducted in October 2021. This puts it in the largest 40% 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 38 WELL RIDGE CLOSE lies on this distribution: 59% of detached houses houses are smaller than 38 WELL RIDGE CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Whitley Bay.

38 WELL RIDGE CLOSE: Plot and Title Map

38 WELL RIDGE CLOSE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 38 WELL RIDGE CLOSE, 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 38 WELL RIDGE CLOSE). 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 38 WELL RIDGE CLOSE?

38 WELL RIDGE CLOSE is located in WHITLEY BAY, in the NE25 postcode district. The below map shows the position of No. 38 on WELL RIDGE CLOSE.