5, NORTH CLOSE, RYTON, NE40 3LJ - £380,000

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.

5 NORTH CLOSE is a large extended detached house of 146m², built sometime between 1950 and 1966, which could now be worth an estimated £384,033. It was last sold for £380,000 in July 2023, which was around 37% above the average July 2023 detached price in the Gateshead local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

5 NORTH CLOSE Sold Prices

Land registry data shows two sales for 5 NORTH 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 Gateshead local authority area for the corresponding sale date. Both of the two 5 NORTH 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
2023 4 JUL	£380,000	£278,055	37% above HPI
2022 14 APR	£365,000	£259,028	41% above HPI

5 NORTH CLOSE 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 5 NORTH CLOSE sales from April 2022 and July 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 April 2022 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the July 2023 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might 5 NORTH CLOSE be worth now?

5 NORTH CLOSE might now be worth an estimated £384,033.

This is based on house price inflation of 1.1%, between July 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 1.1% inflationary increase is applied to the most recent sale price for 5 NORTH CLOSE of £380,000 on 4th July 2023. For the value to have increased from £380,000 to £384,033 over the two years and five months to February 2025, the following assumptions must hold true:

• The value of 5 NORTH CLOSE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The July 2023 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of 5 NORTH CLOSE has not materially changed since July 2023.

How Large is 5 NORTH CLOSE?

5 NORTH CLOSE is 146m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 30% of detached houses houses in Ryton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ryton, and where 5 NORTH CLOSE lies on this distribution: 78% of detached houses houses are smaller than 5 NORTH CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Ryton.

5 NORTH CLOSE: Plot and Title Map

5 NORTH CLOSE sits on a plot of roughly 0.122 of an acre, or 495m². The below map shows the location of 5 NORTH 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 5 NORTH 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 5 NORTH CLOSE?

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