39, SILVERMERE DRIVE, RYTON, NE40 3HA - £89,950

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.

39 SILVERMERE DRIVE is a very small terraced house of 45m², built sometime between 1983 and 1990, which could now be worth an estimated £137,405. It was last sold for £89,950 in April 2013, which was around 11% below the average April 2013 terraced price in the Gateshead local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

39 SILVERMERE DRIVE Sold Prices

Land registry data shows three sales for 39 SILVERMERE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Gateshead local authority area for the corresponding sale date. Two of the three 39 SILVERMERE DRIVE sales were for below the average price, whilst one 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
2013 8 APR	£89,950	£100,868	11% below HPI
2010 26 FEB	£85,000	£105,381	19% below HPI
1997 28 NOV	£42,000	£35,075	20% above HPI

39 SILVERMERE DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Gateshead local authority area over time, sourced from the HPI. The three 39 SILVERMERE DRIVE sales between November 1997 and April 2013 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 2010 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the April 2013 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 39 SILVERMERE DRIVE be worth now?

39 SILVERMERE DRIVE might now be worth an estimated £137,405.

This is based on house price inflation of 52.8%, between April 2013 and May 2026, for terraced 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 52.8% inflationary increase is applied to the most recent sale price for 39 SILVERMERE DRIVE of £89,950 on 8th April 2013. For the value to have increased from £89,950 to £137,405 over the twelve years and eleven months to May 2026, the following assumptions must hold true:

• The value of 39 SILVERMERE DRIVE has moved in line with the HPI for terraced houses in the Gateshead local authority area.
• The April 2013 sale price of £89,950 represented a fair market value for the property.
• The size, condition, and specification of 39 SILVERMERE DRIVE has not materially changed since April 2013.

How Large is 39 SILVERMERE DRIVE?

39 SILVERMERE DRIVE is 45m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% of terraced houses houses in Ryton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ryton, and where 39 SILVERMERE DRIVE lies on this distribution: Less than 1% of terraced houses houses are smaller than 39 SILVERMERE DRIVE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Ryton.

39 SILVERMERE DRIVE: Plot and Title Map

39 SILVERMERE DRIVE sits on a plot of roughly 0.022 of an acre, or 89m². The below map shows the location of 39 SILVERMERE DRIVE, 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 39 SILVERMERE DRIVE). 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 39 SILVERMERE DRIVE?

39 SILVERMERE DRIVE is located in RYTON, in the NE40 postcode district. The below map shows the position of No. 39 on SILVERMERE DRIVE.