FAIRWAYS, WESTFIELD LANE, RYTON, NE40 3QE - £460,000

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.

FAIRWAYS is a midsized detached house of 116m², built sometime between 1950 and 1966, which could now be worth an estimated £569,388. It was last sold for £460,000 in February 2020, which was around 101% above the average February 2020 detached price in the Gateshead local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was C.

FAIRWAYS Sold Prices

Land registry data shows three sales for FAIRWAYS 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 FAIRWAYS 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 18 FEB	£460,000	£229,113	101% above HPI
2013 11 FEB	£330,000	£202,249	63% above HPI
1997 14 MAR	£129,950	£75,277	73% above HPI

FAIRWAYS 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 FAIRWAYS sales between March 1997 and February 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 February 2013 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the February 2020 sale, where it rises to 101% above the HPI. The line then continues to track at 101% above the HPI.

What might FAIRWAYS be worth now?

FAIRWAYS might now be worth an estimated £569,388.

This is based on house price inflation of 23.8%, between February 2020 and March 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 23.8% inflationary increase is applied to the most recent sale price for FAIRWAYS of £460,000 on 18th February 2020. For the value to have increased from £460,000 to £569,388 over the four years and eleven months to March 2025, the following assumptions must hold true:

• The value of FAIRWAYS has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The February 2020 sale price of £460,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRWAYS has not materially changed since February 2020.

How Large is FAIRWAYS?

FAIRWAYS is 116m² according to the EPC inspection conducted in October 2012. This puts it in the largest 50% 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 FAIRWAYS lies on this distribution: 53% of detached houses houses are smaller than FAIRWAYS, and 46% of houses are larger. Note that EPC data is not available for all properties in Ryton.

FAIRWAYS: Plot and Title Map

FAIRWAYS sits on a plot of roughly 0.222 of an acre, or 897m². The below map shows the location of FAIRWAYS, 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 FAIRWAYS). 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 FAIRWAYS?

FAIRWAYS is located on WESTFIELD LANE in RYTON, in the NE40 postcode district. The below map shows the position of FAIRWAYS on WESTFIELD LANE.