2, THE RIDGE, RYTON, NE40 3LN - £195,000

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.

2 THE RIDGE is a large detached house of 137m², built sometime between 1967 and 1975, which could now be worth an estimated £270,320. It was last sold for £195,000 in January 2011, which was around 5% below the average January 2011 detached price in the Gateshead local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was C.

2 THE RIDGE Sold Prices

Land registry data shows two sales for 2 THE RIDGE 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 2 THE RIDGE sales was for below the average price, whilst the other was 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
2011 14 JAN	£195,000	£204,577	5% below HPI
2004 11 JUN	£185,000	£182,578	1% above HPI

2 THE RIDGE 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 2 THE RIDGE sales from June 2004 and January 2011 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 June 2004 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the January 2011 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 2 THE RIDGE be worth now?

2 THE RIDGE might now be worth an estimated £270,320.

This is based on house price inflation of 38.6%, between January 2011 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 38.6% inflationary increase is applied to the most recent sale price for 2 THE RIDGE of £195,000 on 14th January 2011. For the value to have increased from £195,000 to £270,320 over the thirteen years and ten months to March 2025, the following assumptions must hold true:

• The value of 2 THE RIDGE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The January 2011 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE RIDGE has not materially changed since January 2011.

How Large is 2 THE RIDGE?

2 THE RIDGE is 137m² according to the EPC inspection conducted in March 2010. This puts it in the largest 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 2 THE RIDGE lies on this distribution: 73% of detached houses houses are smaller than 2 THE RIDGE, and 27% of houses are larger. Note that EPC data is not available for all properties in Ryton.

2 THE RIDGE: Plot and Title Map

2 THE RIDGE sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 2 THE RIDGE, 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 2 THE RIDGE). 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 2 THE RIDGE?

2 THE RIDGE is located in RYTON, in the NE40 postcode district. The below map shows the position of No. 2 on THE RIDGE.