1, MILL CLOSE, NORTH SHIELDS, NE29 7QE - £122,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

1 MILL CLOSE is a very small detached house of 55m², built sometime between 1991 and 1995. It was last sold for £122,000 in August 2014, which was around 51% below the average August 2014 detached price in the North Tyneside local authority area. The most recent EPC inspection was May 2022, where the current energy rating was B, and the potential energy rating was B.

1 MILL CLOSE Sold Prices

Land registry data shows four sales for 1 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. All of the four 1 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
2014 4 AUG	£122,000	£250,371	51% below HPI
2007 28 NOV	£140,000	£254,774	45% below HPI
2001 9 NOV	£59,000	£109,672	46% below HPI
2000 7 JUL	£54,000	£96,499	44% below HPI

1 MILL 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 four 1 MILL CLOSE sales between July 2000 and August 2014 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 2007 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the August 2014 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

How Large is 1 MILL CLOSE?

1 MILL CLOSE is 55m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% of detached houses in Tynemouth, based on EPC data. The below chart shows the distribution of detached houses by size in Tynemouth, and where 1 MILL CLOSE lies on this distribution: 1% of detached houses are smaller than 1 MILL CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Tynemouth.

1 MILL CLOSE: Plot and Title Map

1 MILL CLOSE sits on a plot of roughly 0.053 of an acre, or 212m². The below map shows the location of 1 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 1 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 1 MILL CLOSE?

1 MILL CLOSE is located in NORTH SHIELDS, in the NE29 postcode district. The below map shows the position of No. 1 on MILL CLOSE.