2, MILL VIEW, BACKWORTH, NEWCASTLE UPON TYNE, NE27 0GQ - £270,250

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.

2 MILL VIEW is a very small detached house of 89m², which could now be worth an estimated £309,831. It was last sold for £270,250 in February 2022, which was around 15% below the average February 2022 detached price in the North Tyneside local authority area. The most recent EPC inspection was June 2017, where the current energy rating was B, and the potential energy rating was A.

2 MILL VIEW Sold Prices

Land registry data shows two sales for 2 MILL VIEW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. Both of the two 2 MILL VIEW 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
2022 4 FEB	£270,250	£318,362	15% below HPI
2017 23 JUN	£224,950	£268,172	16% below HPI

2 MILL VIEW 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 two 2 MILL VIEW sales from June 2017 and February 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 June 2017 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the February 2022 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 2 MILL VIEW be worth now?

2 MILL VIEW might now be worth an estimated £309,831.

This is based on house price inflation of 14.6%, between February 2022 and June 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 14.6% inflationary increase is applied to the most recent sale price for 2 MILL VIEW of £270,250 on 4th February 2022. For the value to have increased from £270,250 to £309,831 over the two years and eight months to June 2025, the following assumptions must hold true:

• The value of 2 MILL VIEW has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The February 2022 sale price of £270,250 represented a fair market value for the property.
• The size, condition, and specification of 2 MILL VIEW has not materially changed since February 2022.

How Large is 2 MILL VIEW?

2 MILL VIEW is 89m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 10% of detached houses houses in Backworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Backworth, and where 2 MILL VIEW lies on this distribution: 5% of detached houses houses are smaller than 2 MILL VIEW, and 93% of houses are larger. Note that EPC data is not available for all properties in Backworth.

2 MILL VIEW: Plot and Title Map

2 MILL VIEW sits on a plot of roughly 2.3 acres, or 9,226m². The below map shows the location of 2 MILL VIEW, 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 2 MILL VIEW). 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 2 MILL VIEW?

2 MILL VIEW is located in BACKWORTH, in the NE27 postcode district. The below map shows the position of No. 2 on MILL VIEW.