5, MILLSTONE CLOSE, NORTH SHIELDS, NE29 8AQ - £368,000

5 MILLSTONE CLOSE is a large detached house of 124m², built in 2021. It was last sold for £368,000 in December 2022, which was around 2% below the average December 2022 detached price in the North Tyneside local authority area. The most recent EPC inspection was December 2021, where the current energy rating was B, and the potential energy rating was A.

5 MILLSTONE CLOSE Sold Prices

Land registry data shows two sales for 5 MILLSTONE CLOSE 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 5 MILLSTONE 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
2022 1 DEC	£368,000	£377,037	2% below HPI
2022 28 JAN	£333,995	£343,239	3% below HPI

5 MILLSTONE CLOSE 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 5 MILLSTONE CLOSE sales from January 2022 and December 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 January 2022 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the December 2022 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 5 MILLSTONE CLOSE?

5 MILLSTONE CLOSE is 124m² according to the EPC inspection conducted in December 2021. This puts it in the largest 40% of detached houses in Tynemouth, based on EPC data. The below chart shows the distribution of detached houses by size in Tynemouth, and where 5 MILLSTONE CLOSE lies on this distribution: 63% of detached houses are smaller than 5 MILLSTONE CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Tynemouth.

5 MILLSTONE CLOSE: Plot and Title Map

5 MILLSTONE CLOSE sits on a plot of roughly 18.2 acres, or 73,824m². The below map shows the location of 5 MILLSTONE 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 5 MILLSTONE 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 5 MILLSTONE CLOSE?

5 MILLSTONE CLOSE is located in NORTH SHIELDS, in the NE29 postcode district. The below map shows the position of No. 5 on MILLSTONE CLOSE.