31, RUSSELL SQUARE, SEATON BURN, NEWCASTLE UPON TYNE, NE13 6HR - £192,000

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.

31 RUSSELL SQUARE is a very small extended detached house of 81m², built sometime between 1983 and 1990, which could now be worth an estimated £289,321. It was last sold for £192,000 in November 2014, which was around 22% below the average November 2014 detached price in the North Tyneside local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

31 RUSSELL SQUARE Sold Prices

Land registry data shows three sales for 31 RUSSELL SQUARE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. All of the three 31 RUSSELL SQUARE sales were for below 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
2014 4 NOV	£192,000	£247,290	22% below HPI
2002 22 AUG	£95,000	£132,363	28% below HPI
1995 28 NOV	£57,500	£76,523	25% below HPI

31 RUSSELL SQUARE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Tyneside local authority area over time, sourced from the HPI. The three 31 RUSSELL SQUARE sales between November 1995 and November 2014 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 2002 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the November 2014 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 31 RUSSELL SQUARE be worth now?

31 RUSSELL SQUARE might now be worth an estimated £289,321.

This is based on house price inflation of 50.7%, between November 2014 and February 2025, for detached houses, in the North Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 50.7% inflationary increase is applied to the most recent sale price for 31 RUSSELL SQUARE of £192,000 on 4th November 2014. For the value to have increased from £192,000 to £289,321 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of 31 RUSSELL SQUARE has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The November 2014 sale price of £192,000 represented a fair market value for the property.
• The size, condition, and specification of 31 RUSSELL SQUARE has not materially changed since November 2014.

How Large is 31 RUSSELL SQUARE?

31 RUSSELL SQUARE is 81m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% of detached houses houses in Seaton Burn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Seaton Burn, and where 31 RUSSELL SQUARE lies on this distribution: 16% of detached houses houses are smaller than 31 RUSSELL SQUARE, and 78% of houses are larger. Note that EPC data is not available for all properties in Seaton Burn.

31 RUSSELL SQUARE: Plot and Title Map

31 RUSSELL SQUARE sits on a plot of roughly 0.121 of an acre, or 490m². The below map shows the location of 31 RUSSELL SQUARE, 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 31 RUSSELL SQUARE). 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 31 RUSSELL SQUARE?

31 RUSSELL SQUARE is located in SEATON BURN, in the NE13 postcode district. The below map shows the position of No. 31 on RUSSELL SQUARE.