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

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.

PARK VIEW is a very large extended detached house of 290m², built sometime between 1983 and 1990, which could now be worth an estimated £549,396. It was last sold for £475,000 in January 2021, which was around 96% 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	£242,954	96% above HPI
2014 1 JUL	£325,000	£209,614	55% above HPI
2005 28 JAN	£220,000	£188,459	17% above HPI
1995 19 MAY	£121,000	£72,367	67% 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 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the January 2021 sale, where it rises to 96% above the HPI. The line then continues to track at 96% above the HPI.

What might PARK VIEW be worth now?

PARK VIEW might now be worth an estimated £549,396.

This is based on house price inflation of 15.7%, between January 2021 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 15.7% inflationary increase is applied to the most recent sale price for PARK VIEW of £475,000 on 14th January 2021. For the value to have increased from £475,000 to £549,396 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of PARK VIEW has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The January 2021 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of PARK VIEW has not materially changed since January 2021.

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 houses in Greenside, based on EPC data. The below chart shows the distribution of detached houses houses by size in Greenside, and where PARK VIEW lies on this distribution: 99% of detached houses 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.