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

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.

71 MELNESS ROAD is a very small detached house of 58m², built sometime between 1976 and 1982, which could now be worth an estimated £157,397. 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	£319,613	58% below HPI
2018 22 AUG	£180,000	£279,460	36% below HPI
2016 27 OCT	£137,000	£269,866	49% below HPI
2015 18 MAY	£105,000	£254,819	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 36% below the HPI. So the extrapolation line tracks at 36% 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.

What might 71 MELNESS ROAD be worth now?

71 MELNESS ROAD might now be worth an estimated £157,397.

This is based on house price inflation of 16.6%, between November 2021 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 16.6% inflationary increase is applied to the most recent sale price for 71 MELNESS ROAD of £135,000 on 19th November 2021. For the value to have increased from £135,000 to £157,397 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 71 MELNESS ROAD has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The November 2021 sale price of £135,000 represented a fair market value for the property.
• The size, condition, and specification of 71 MELNESS ROAD has not materially changed since November 2021.

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 houses in Hazlerigg, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hazlerigg, and where 71 MELNESS ROAD lies on this distribution: 1% of detached houses 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.