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Company No. 11113204
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According to the public record, 2, Reedside, Ryton is a modern freehold house with 1,463 ft2 of internal area and sits on a 1,025 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Reedside, Ryton is £411,400 and the estimated rental value is £1,313 per month.
Reedside, Ryton, NE40 is located in the borough of Gateshead within the NE40 postal district.
2, Reedside, Ryton has a single entry in the Land Registry from May 2024 and a single entry in the EPC database dated January 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Reedside, Ryton is in very good condition we estimate a sale value of £431,970 and a rental value of £1,379 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £382,602 and a rental value of £1,221 per month.
Over the last 12 months the sale value of 2 Reedside Ryton has decreased by an estimated £695 (0.2%) and its rental value has increased by an estimated £29 per month (2.2%), giving an expected gross yield of 3.8%.
According to data from HM Land Registry, 2, Reedside, Ryton sits on a plot of 1025m2.
We have plot size data on 14 out of 14 other houses in the postcode and 2, Reedside, Ryton sits on the 3rd largest plot.
2, Reedside, Ryton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Jan 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Reedside, Ryton was last sold on 16th May 2024 for £410,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2024, the market for similar properties has risen 1.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Reedside, Ryton within a radius of 810 metres over the last 2 years.
The most recent example is Eastwood, Holburn Lane, Ryton, NE40 3DF, a freehold house which sold for £375,000 on the 24th July 2024.
Read more about house prices in NE40.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Reedside, Ryton, NE40 has a total of 14 addresses. According to our analysis of all the public data, 2, Reedside, Ryton is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £216k more expensive than the average property in NE40.
The closest station to 2, Reedside, Ryton is Blaydon station which is 2.7 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Reedside, Ryton, 72.1% of property is privately owned outright and 22.1% is privately owned with a mortgage.
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Reedside, Ryton, 9.2% of residents are recorded as possessing school level qualifications and 26.1% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Reedside, Ryton, the average age was 43.2 and the most common age was 52.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Reedside, Ryton, 0.4% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Reedside, Ryton, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.
