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

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.

MERCURY HOUSE is a small extended detached house of 105m², built sometime between 1900 and 1929, which could now be worth an estimated £258,033. It was last sold for £250,000 in August 2022, which was around 8% 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	£272,258	8% below HPI
1999 30 APR	£102,500	£79,426	29% 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 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the August 2022 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might MERCURY HOUSE be worth now?

MERCURY HOUSE might now be worth an estimated £258,033.

This is based on house price inflation of 3.2%, between August 2022 and February 2025, for detached houses, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.2% inflationary increase is applied to the most recent sale price for MERCURY HOUSE of £250,000 on 17th August 2022. For the value to have increased from £250,000 to £258,033 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of MERCURY HOUSE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The August 2022 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of MERCURY HOUSE has not materially changed since August 2022.

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 houses in Ryton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ryton, and where MERCURY HOUSE lies on this distribution: 36% of detached houses 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.