ADDISON HOUSE, HOLBURN LANE, RYTON, NE40 3PF - £465,000

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.

ADDISON HOUSE is a very large extended detached house of 183m², built sometime between 2003 and 2006, which could now be worth an estimated £522,933. It was last sold for £465,000 in November 2020, which was around 86% above the average November 2020 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.

ADDISON HOUSE Sold Prices

Land registry data shows two sales for ADDISON HOUSE 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 ADDISON HOUSE 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
2020 12 NOV	£465,000	£249,875	86% above HPI
2011 5 SEP	£441,000	£203,469	117% above HPI

ADDISON HOUSE 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 ADDISON HOUSE sales from September 2011 and November 2020 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 September 2011 sale was for 117% above the HPI. So the extrapolation line tracks at 117% above the HPI over time, until the November 2020 sale, where it falls to 86% above the HPI. The line then continues to track at 86% above the HPI.

What might ADDISON HOUSE be worth now?

ADDISON HOUSE might now be worth an estimated £522,933.

This is based on house price inflation of 12.5%, between November 2020 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 12.5% inflationary increase is applied to the most recent sale price for ADDISON HOUSE of £465,000 on 12th November 2020. For the value to have increased from £465,000 to £522,933 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of ADDISON HOUSE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The November 2020 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of ADDISON HOUSE has not materially changed since November 2020.

How Large is ADDISON HOUSE?

ADDISON HOUSE is 183m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the largest 10% 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 ADDISON HOUSE lies on this distribution: 93% of detached houses houses are smaller than ADDISON HOUSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Ryton.

ADDISON HOUSE: Plot and Title Map

ADDISON HOUSE sits on a plot of roughly 0.128 of an acre, or 519m². The below map shows the location of ADDISON HOUSE, 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 ADDISON HOUSE). 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 ADDISON HOUSE?

ADDISON HOUSE is located on HOLBURN LANE in RYTON, in the NE40 postcode district. The below map shows the position of ADDISON HOUSE on HOLBURN LANE.