MERCURY HOUSE, WOODSIDE ROAD, RYTON, NE40 3BP - £250,000

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

MERCURY HOUSE is a small extended detached house of 105m², built sometime between 1900 and 1929. It was last sold for £250,000 in August 2022, which was around 9% below the average August 2022 detached price in the Gateshead local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was A.

MERCURY HOUSE Sold Prices

Land registry data shows two sales for MERCURY HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. One of the two MERCURY HOUSE sales was for below the average price, whilst the other was 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
2022 17 AUG	£250,000	£274,102	9% below HPI
1999 30 APR	£102,500	£79,965	28% above HPI

MERCURY HOUSE 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 two MERCURY HOUSE sales from April 1999 and August 2022 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 April 1999 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the August 2022 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is MERCURY HOUSE?

MERCURY HOUSE is 105m², which includes one extension, according to the EPC inspection conducted in October 2021. This puts it in the smallest 40% of detached houses in Ryton, based on EPC data. The below chart shows the distribution of detached houses by size in Ryton, and where MERCURY HOUSE lies on this distribution: 37% of detached houses are smaller than MERCURY HOUSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Ryton.

MERCURY HOUSE: Plot and Title Map

MERCURY HOUSE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of MERCURY HOUSE, 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 MERCURY HOUSE). 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 MERCURY HOUSE?

MERCURY HOUSE is located on WOODSIDE ROAD in RYTON, in the NE40 postcode district. The below map shows the position of MERCURY HOUSE on WOODSIDE ROAD.