40, MILL CRESCENT, HEBBURN, NE31 1UQ - £230,000

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.

40 MILL CRESCENT is a very small semi-detached house of 80m², built sometime between 1983 and 1990, which could now be worth an estimated £300,040. It was last sold for £230,000 in June 2019, which was around 59% above the average June 2019 semi-detached price in the South Tyneside local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was D.

40 MILL CRESCENT Sold Prices

Land registry data shows two sales for 40 MILL CRESCENT since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the South Tyneside local authority area for the corresponding sale date. One of the two 40 MILL CRESCENT sales was for above the average price, whilst the other was roughly equal to 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
2019 27 JUN	£230,000	£144,357	59% above HPI
2012 13 JUL	£120,000	£120,028	Close to HPI

40 MILL CRESCENT 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 two 40 MILL CRESCENT sales from July 2012 and June 2019 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 July 2012 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2019 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

What might 40 MILL CRESCENT be worth now?

40 MILL CRESCENT might now be worth an estimated £300,040.

This is based on house price inflation of 30.5%, between June 2019 and March 2025, 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 30.5% inflationary increase is applied to the most recent sale price for 40 MILL CRESCENT of £230,000 on 27th June 2019. For the value to have increased from £230,000 to £300,040 over the six years and three months to March 2025, the following assumptions must hold true:

• The value of 40 MILL CRESCENT has moved in line with the HPI for semi-detached houses in the South Tyneside local authority area.
• The June 2019 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 40 MILL CRESCENT has not materially changed since June 2019.

How Large is 40 MILL CRESCENT?

40 MILL CRESCENT is 80m² according to the EPC inspection conducted in October 2011. 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 40 MILL CRESCENT lies on this distribution: 8% of semi-detached houses houses are smaller than 40 MILL CRESCENT, and 92% of houses are larger. Note that EPC data is not available for all properties in Hebburn.

40 MILL CRESCENT: Plot and Title Map

40 MILL CRESCENT sits on a plot of roughly 5.1 acres, or 20,459m². The below map shows the location of 40 MILL CRESCENT, 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 40 MILL CRESCENT). 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 40 MILL CRESCENT?

40 MILL CRESCENT is located in HEBBURN, in the NE31 postcode district. The below map shows the position of No. 40 on MILL CRESCENT.