14, MILL LANE, HEBBURN, NE31 2EW - £175,000

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.

14 MILL LANE is a very small semi-detached house of 64m², built sometime between 1930 and 1949, which could now be worth an estimated £185,184. It was last sold for £175,000 in September 2023, which was around 2% below the average September 2023 semi-detached price in the South Tyneside local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

14 MILL LANE Sold Prices

Land registry data shows four sales for 14 MILL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the South Tyneside local authority area for the corresponding sale date. Most of the four 14 MILL LANE sales were 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
2023 1 SEP	£175,000	£177,793	2% below HPI
2018 26 FEB	£156,000	£130,803	19% above HPI
2014 21 NOV	£146,000	£126,869	15% above HPI
2011 9 NOV	£120,000	£116,432	3% above HPI

14 MILL LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Tyneside local authority area over time, sourced from the HPI. The four 14 MILL LANE sales between November 2011 and September 2023 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 February 2018 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the September 2023 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 14 MILL LANE be worth now?

14 MILL LANE might now be worth an estimated £185,184.

This is based on house price inflation of 5.8%, between September 2023 and May 2026, for semi-detached houses, in the South Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.8% inflationary increase is applied to the most recent sale price for 14 MILL LANE of £175,000 on 1st September 2023. For the value to have increased from £175,000 to £185,184 over the three years and four months to May 2026, the following assumptions must hold true:

• The value of 14 MILL LANE has moved in line with the HPI for semi-detached houses in the South Tyneside local authority area.
• The September 2023 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 14 MILL LANE has not materially changed since September 2023.

How Large is 14 MILL LANE?

14 MILL LANE is 64m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of semi-detached houses houses in Hebburn, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Hebburn, and where 14 MILL LANE lies on this distribution: 1% of semi-detached houses houses are smaller than 14 MILL LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Hebburn.

14 MILL LANE: Plot and Title Map

14 MILL LANE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 14 MILL LANE, 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 14 MILL LANE). 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 14 MILL LANE?

14 MILL LANE is located in HEBBURN, in the NE31 postcode district. The below map shows the position of No. 14 on MILL LANE.