48, MILL LANE, HEBBURN, NE31 2ET - £129,950

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.

48 MILL LANE is a small extended semi-detached house of 96m², built sometime between 1950 and 1966, which could now be worth an estimated £184,281. It was last sold for £129,950 in November 2015, which was around 1% above the average November 2015 semi-detached price in the South Tyneside local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

48 MILL LANE Sold Prices

Land registry data shows two sales for 48 MILL LANE 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 48 MILL LANE sales was for above the average price, whilst the other was 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
2015 27 NOV	£129,950	£128,408	1% above HPI
2007 5 OCT	£110,000	£137,107	20% below HPI

48 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 two 48 MILL LANE sales from October 2007 and November 2015 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 October 2007 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2015 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 48 MILL LANE be worth now?

48 MILL LANE might now be worth an estimated £184,281.

This is based on house price inflation of 41.8%, between November 2015 and February 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 41.8% inflationary increase is applied to the most recent sale price for 48 MILL LANE of £129,950 on 27th November 2015. For the value to have increased from £129,950 to £184,281 over the ten years and nine months to February 2025, the following assumptions must hold true:

• The value of 48 MILL LANE has moved in line with the HPI for semi-detached houses in the South Tyneside local authority area.
• The November 2015 sale price of £129,950 represented a fair market value for the property.
• The size, condition, and specification of 48 MILL LANE has not materially changed since November 2015.

How Large is 48 MILL LANE?

48 MILL LANE is 96m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 30% 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 48 MILL LANE lies on this distribution: 29% of semi-detached houses houses are smaller than 48 MILL LANE, and 69% of houses are larger. Note that EPC data is not available for all properties in Hebburn.

48 MILL LANE: Plot and Title Map

48 MILL LANE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 48 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 48 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 48 MILL LANE?

48 MILL LANE is located in HEBBURN, in the NE31 postcode district. The below map shows the position of No. 48 on MILL LANE.