13, MILL CLOSE, NORTH SHIELDS, NE29 7QE - £73,500

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.

13 MILL CLOSE is a very large terraced house of 242m², built sometime between 1983 and 1990, which could now be worth an estimated £97,060. It was last sold for £73,500 in July 2020, which was around 50% below the average July 2020 terraced price in the North Tyneside local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

13 MILL CLOSE Sold Prices

Land registry data shows three sales for 13 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the North Tyneside local authority area for the corresponding sale date. All of the three 13 MILL CLOSE 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
2020 24 JUL	£73,500	£146,813	50% below HPI
1999 5 NOV	£29,500	£43,663	32% below HPI
1995 28 NOV	£18,500	£36,394	49% below HPI

13 MILL CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the North Tyneside local authority area over time, sourced from the HPI. The three 13 MILL CLOSE sales between November 1995 and July 2020 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 November 1999 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 2020 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might 13 MILL CLOSE be worth now?

13 MILL CLOSE might now be worth an estimated £97,060.

This is based on house price inflation of 32.1%, between July 2020 and April 2026, for terraced 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 32.1% inflationary increase is applied to the most recent sale price for 13 MILL CLOSE of £73,500 on 24th July 2020. For the value to have increased from £73,500 to £97,060 over the six years and three months to April 2026, the following assumptions must hold true:

• The value of 13 MILL CLOSE has moved in line with the HPI for terraced houses in the North Tyneside local authority area.
• The July 2020 sale price of £73,500 represented a fair market value for the property.
• The size, condition, and specification of 13 MILL CLOSE has not materially changed since July 2020.

How Large is 13 MILL CLOSE?

13 MILL CLOSE is 242m² according to the EPC inspection conducted in August 2014. This puts it in the largest 10% of terraced houses houses in Tynemouth, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Tynemouth, and where 13 MILL CLOSE lies on this distribution: 97% of terraced houses houses are smaller than 13 MILL CLOSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Tynemouth.

13 MILL CLOSE: Plot and Title Map

13 MILL CLOSE sits on a plot of roughly 0.021 of an acre, or 84m². The below map shows the location of 13 MILL CLOSE, 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 13 MILL CLOSE). 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 13 MILL CLOSE?

13 MILL CLOSE is located in NORTH SHIELDS, in the NE29 postcode district. The below map shows the position of No. 13 on MILL CLOSE.