71, MELNESS ROAD, HAZLERIGG, NEWCASTLE UPON TYNE, NE13 7BJ - £135,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

71 MELNESS ROAD is a very small detached house of 58m², built sometime between 1976 and 1982. It was last sold for £135,000 in November 2021, which was around 58% below the average November 2021 detached price in the North Tyneside local authority area. The most recent EPC inspection was July 2017, where the current energy rating was C, and the potential energy rating was B.

71 MELNESS ROAD Sold Prices

Land registry data shows four sales for 71 MELNESS ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. All of the four 71 MELNESS ROAD 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
2021 19 NOV	£135,000	£325,066	58% below HPI
2018 22 AUG	£180,000	£284,227	37% below HPI
2016 27 OCT	£137,000	£274,469	50% below HPI
2015 18 MAY	£105,000	£259,166	59% below HPI

71 MELNESS ROAD 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 four 71 MELNESS ROAD sales between May 2015 and November 2021 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 2018 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the November 2021 sale, where it falls to 58% below the HPI. The line then continues to track at 58% below the HPI.

How Large is 71 MELNESS ROAD?

71 MELNESS ROAD is 58m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 10% of detached houses in Hazlerigg, based on EPC data. The below chart shows the distribution of detached houses by size in Hazlerigg, and where 71 MELNESS ROAD lies on this distribution: 1% of detached houses are smaller than 71 MELNESS ROAD, and 99% of houses are larger. Note that EPC data is not available for all properties in Hazlerigg.

71 MELNESS ROAD: Plot and Title Map

71 MELNESS ROAD sits on a plot of roughly 0.358 of an acre, or 1,449m². The below map shows the location of 71 MELNESS ROAD, 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 71 MELNESS ROAD). 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 71 MELNESS ROAD?

71 MELNESS ROAD is located in HAZLERIGG, in the NE13 postcode district. The below map shows the position of No. 71 on MELNESS ROAD.