RAVENSWOOD, WESTFIELD LANE, RYTON, NE40 3QE - £650,000

RAVENSWOOD is a very large extended detached house of 382m², built sometime before 1900. It was last sold for £650,000 in June 2020, which was around 185% above the average June 2020 detached price in the Gateshead local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was C.

RAVENSWOOD Sold Prices

Land registry data shows three sales for RAVENSWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the three RAVENSWOOD 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
2020 24 JUN	£650,000	£228,010	185% above HPI
2013 24 MAY	£675,000	£197,696	241% above HPI
1995 7 APR	£220,000	£74,027	197% above HPI

RAVENSWOOD 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 three RAVENSWOOD sales between April 1995 and June 2020 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 May 2013 sale was for 241% above the HPI. So the extrapolation line tracks at 241% above the HPI over time, until the June 2020 sale, where it falls to 185% above the HPI. The line then continues to track at 185% above the HPI.

How Large is RAVENSWOOD?

RAVENSWOOD is 382m², which includes two extensions, according to the EPC inspection conducted in March 2020. This puts it in the largest 10% of detached houses in Ryton, based on EPC data. The below chart shows the distribution of detached houses by size in Ryton, and where RAVENSWOOD lies on this distribution: More than 99% of detached houses are smaller than RAVENSWOOD, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Ryton.

RAVENSWOOD: Plot and Title Map

RAVENSWOOD sits on a plot of roughly 1.5 acres, or 6,217m². The below map shows the location of RAVENSWOOD, 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 RAVENSWOOD). 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 RAVENSWOOD?

RAVENSWOOD is located on WESTFIELD LANE in RYTON, in the NE40 postcode district. The below map shows the position of RAVENSWOOD on WESTFIELD LANE.