5, BISHOPS DRIVE, RYTON, NE40 3NY - £190,000

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

5 BISHOPS DRIVE is a very small extended detached house of 83m², built sometime between 1996 and 2002. It was last sold for £190,000 in March 2022, which was around 25% below the average March 2022 detached price in the Gateshead local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was B.

5 BISHOPS DRIVE Sold Prices

Land registry data shows three sales for 5 BISHOPS DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. Two of the three 5 BISHOPS DRIVE sales were for below the average price, whilst one was 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 18 MAR	£190,000	£253,334	25% below HPI
2002 8 JUL	£127,000	£114,692	11% above HPI
1998 18 DEC	£75,995	£79,231	4% below HPI

5 BISHOPS DRIVE 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 three 5 BISHOPS DRIVE sales between December 1998 and March 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 July 2002 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the March 2022 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 5 BISHOPS DRIVE?

5 BISHOPS DRIVE is 83m², which includes two extensions, according to the EPC inspection conducted in January 2020. This puts it in the smallest 20% of detached houses in Ryton, based on EPC data. The below chart shows the distribution of detached houses by size in Ryton, and where 5 BISHOPS DRIVE lies on this distribution: 17% of detached houses are smaller than 5 BISHOPS DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Ryton.

5 BISHOPS DRIVE: Plot and Title Map

5 BISHOPS DRIVE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 5 BISHOPS DRIVE, 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 5 BISHOPS DRIVE). 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 5 BISHOPS DRIVE?

5 BISHOPS DRIVE is located in RYTON, in the NE40 postcode district. The below map shows the position of No. 5 on BISHOPS DRIVE.