GREENHILL, BEECHWOOD AVENUE, RYTON, NE40 3LX - £275,000

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.

GREENHILL is a small detached house of 87m², built sometime between 1950 and 1966, which could now be worth an estimated £286,387. It was last sold for £275,000 in June 2022, which was around 2% above the average June 2022 detached price in the Gateshead local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was B.

GREENHILL Sold Prices

Land registry data shows two sales for GREENHILL 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. One of the two GREENHILL sales was for above the average price, whilst the other was for below 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 24 JUN	£275,000	£269,833	2% above HPI
2021 27 AUG	£180,000	£251,112	28% below HPI

GREENHILL 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 GREENHILL sales from August 2021 and June 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 August 2021 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the June 2022 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might GREENHILL be worth now?

GREENHILL might now be worth an estimated £286,387.

This is based on house price inflation of 4.1%, between June 2022 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 4.1% inflationary increase is applied to the most recent sale price for GREENHILL of £275,000 on 24th June 2022. For the value to have increased from £275,000 to £286,387 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of GREENHILL has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The June 2022 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of GREENHILL has not materially changed since June 2022.

How Large is GREENHILL?

GREENHILL is 87m² according to the EPC inspection conducted in December 2021. This puts it in the smallest 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 GREENHILL lies on this distribution: 20% of detached houses houses are smaller than GREENHILL, and 80% of houses are larger. Note that EPC data is not available for all properties in Ryton.

GREENHILL: Plot and Title Map

GREENHILL sits on a plot of roughly 0.109 of an acre, or 441m². The below map shows the location of GREENHILL, 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 GREENHILL). 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 GREENHILL?

GREENHILL is located on BEECHWOOD AVENUE in RYTON, in the NE40 postcode district. The below map shows the position of GREENHILL on BEECHWOOD AVENUE.