CORNERWAYS, GREENSIDE, RYTON, NE40 4ST - £315,000

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

CORNERWAYS is a small detached house of 108m², built sometime between 1983 and 1990. It was last sold for £315,000 in September 2019, which was around 33% above the average September 2019 detached price in the Gateshead local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

CORNERWAYS Sold Prices

Land registry data shows three sales for CORNERWAYS 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. All of the three CORNERWAYS 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
2019 4 SEP	£315,000	£236,072	33% above HPI
2003 31 JUL	£225,000	£153,308	47% above HPI
1997 12 DEC	£100,000	£77,832	28% above HPI

CORNERWAYS 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 CORNERWAYS sales between December 1997 and September 2019 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 2003 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the September 2019 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is CORNERWAYS?

CORNERWAYS is 108m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 40% of detached houses in Greenside, based on EPC data. The below chart shows the distribution of detached houses by size in Greenside, and where CORNERWAYS lies on this distribution: 34% of detached houses are smaller than CORNERWAYS, and 65% of houses are larger. Note that EPC data is not available for all properties in Greenside.

CORNERWAYS: Plot and Title Map

CORNERWAYS sits on a plot of roughly 0.175 of an acre, or 707m². The below map shows the location of CORNERWAYS, 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 CORNERWAYS). 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 CORNERWAYS?

CORNERWAYS is located in GREENSIDE, in the NE40 postcode district. The below map shows the position of CORNERWAYS in GREENSIDE.