5, MEADOW CLOSE, RYTON, NE40 3RU - £217,500

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.

5 MEADOW CLOSE is a small terraced house of 93m², built sometime between 1967 and 1975, which could now be worth an estimated £242,836. It was last sold for £217,500 in March 2024, which was around 58% above the average March 2024 terraced price in the Gateshead local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

5 MEADOW CLOSE Sold Prices

Land registry data shows two sales for 5 MEADOW CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Gateshead local authority area for the corresponding sale date. Both of the two 5 MEADOW CLOSE 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 28 MAR	£217,500	£138,007	58% above HPI
2015 7 AUG	£162,000	£108,959	49% above HPI

5 MEADOW CLOSE 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 two 5 MEADOW CLOSE sales from August 2015 and March 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 August 2015 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the March 2024 sale, where it rises to 58% above the HPI. The line then continues to track at 58% above the HPI.

What might 5 MEADOW CLOSE be worth now?

5 MEADOW CLOSE might now be worth an estimated £242,836.

This is based on house price inflation of 11.6%, between March 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 11.6% inflationary increase is applied to the most recent sale price for 5 MEADOW CLOSE of £217,500 on 28th March 2024. For the value to have increased from £217,500 to £242,836 over the one year and ten months to May 2026, the following assumptions must hold true:

• The value of 5 MEADOW CLOSE has moved in line with the HPI for terraced houses in the Gateshead local authority area.
• The March 2024 sale price of £217,500 represented a fair market value for the property.
• The size, condition, and specification of 5 MEADOW CLOSE has not materially changed since March 2024.

How Large is 5 MEADOW CLOSE?

5 MEADOW CLOSE is 93m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 30% 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 5 MEADOW CLOSE lies on this distribution: 23% of terraced houses houses are smaller than 5 MEADOW CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Ryton.

5 MEADOW CLOSE: Plot and Title Map

5 MEADOW CLOSE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 5 MEADOW CLOSE, 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 5 MEADOW CLOSE). 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 5 MEADOW CLOSE?

5 MEADOW CLOSE is located in RYTON, in the NE40 postcode district. The below map shows the position of No. 5 on MEADOW CLOSE.