41, SILVERMERE DRIVE, RYTON, NE40 3HA - £150,000

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.

41 SILVERMERE DRIVE is a very small terraced house of 75m², built sometime between 1991 and 1995, which could now be worth an estimated £166,058. It was last sold for £150,000 in May 2024, which was around 8% above the average May 2024 terraced price in the Gateshead local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

41 SILVERMERE DRIVE Sold Prices

Land registry data shows five sales for 41 SILVERMERE DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Gateshead local authority area for the corresponding sale date. All of the five 41 SILVERMERE DRIVE 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
2024 1 MAY	£150,000	£139,183	8% above HPI
2015 12 OCT	£115,000	£109,965	5% above HPI
2007 30 MAR	£133,000	£112,334	18% above HPI
1998 4 JUN	£45,000	£36,035	25% above HPI
1995 2 JUN	£50,500	£34,603	46% above HPI

41 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 five 41 SILVERMERE DRIVE sales between June 1995 and May 2024 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 October 2015 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the May 2024 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 41 SILVERMERE DRIVE be worth now?

41 SILVERMERE DRIVE might now be worth an estimated £166,058.

This is based on house price inflation of 10.7%, between May 2024 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 10.7% inflationary increase is applied to the most recent sale price for 41 SILVERMERE DRIVE of £150,000 on 1st May 2024. For the value to have increased from £150,000 to £166,058 over the two years to May 2026, the following assumptions must hold true:

• The value of 41 SILVERMERE DRIVE has moved in line with the HPI for terraced houses in the Gateshead local authority area.
• The May 2024 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 41 SILVERMERE DRIVE has not materially changed since May 2024.

How Large is 41 SILVERMERE DRIVE?

41 SILVERMERE DRIVE is 75m² according to the EPC inspection conducted in October 2022. 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 41 SILVERMERE DRIVE lies on this distribution: 6% of terraced houses houses are smaller than 41 SILVERMERE DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Ryton.

41 SILVERMERE DRIVE: Plot and Title Map

41 SILVERMERE DRIVE sits on a plot of roughly 0.031 of an acre, or 124m². The below map shows the location of 41 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 41 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 41 SILVERMERE DRIVE?

41 SILVERMERE DRIVE is located in RYTON, in the NE40 postcode district. The below map shows the position of No. 41 on SILVERMERE DRIVE.