PARK VIEW, LEAD ROAD, GREENSIDE, RYTON, NE40 4SH - £475,000

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

PARK VIEW is a very large extended detached house of 290m², built sometime between 1983 and 1990. It was last sold for £475,000 in January 2021, which was around 94% above the average January 2021 detached price in the Gateshead local authority area. The most recent EPC inspection was February 2014, where the current energy rating was A, and the potential energy rating was A.

PARK VIEW Sold Prices

Land registry data shows four sales for PARK VIEW since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the four PARK VIEW 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
2021 14 JAN	£475,000	£244,600	94% above HPI
2014 1 JUL	£325,000	£211,034	54% above HPI
2005 28 JAN	£220,000	£189,736	16% above HPI
1995 19 MAY	£121,000	£72,857	66% above HPI

PARK VIEW 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 four PARK VIEW sales between May 1995 and January 2021 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 2014 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the January 2021 sale, where it rises to 94% above the HPI. The line then continues to track at 94% above the HPI.

How Large is PARK VIEW?

PARK VIEW is 290m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the largest 10% of detached houses in Greenside, based on EPC data. The below chart shows the distribution of detached houses by size in Greenside, and where PARK VIEW lies on this distribution: 99% of detached houses are smaller than PARK VIEW, and 1% of houses are larger. Note that EPC data is not available for all properties in Greenside.

PARK VIEW: Plot and Title Map

PARK VIEW sits on a plot of roughly 0.138 of an acre, or 559m². The below map shows the location of PARK VIEW, 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 PARK VIEW). 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 PARK VIEW?

PARK VIEW is located on LEAD ROAD in GREENSIDE, in the NE40 postcode district. The below map shows the position of PARK VIEW on LEAD ROAD.