4B, MILLFIELD ROAD, WHICKHAM, NEWCASTLE UPON TYNE, NE16 4QA - £495,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4B MILLFIELD ROAD is a very large detached house of 260m², built sometime between 1991 and 1995, which could now be worth an estimated £721,268. It was last sold for £495,000 in May 2013, which was around 152% above the average May 2013 detached price in the Gateshead local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was C.

4B MILLFIELD ROAD Sold Prices

Land registry data shows two sales for 4B MILLFIELD ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. Both of the two 4B MILLFIELD ROAD sales were for above 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
2013 29 MAY	£495,000	£196,365	152% above HPI
1998 2 JAN	£267,000	£78,189	241% above HPI

4B MILLFIELD ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gateshead local authority area over time, sourced from the HPI. The two 4B MILLFIELD ROAD sales from January 1998 and May 2013 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 1998 sale was for 241% above the HPI. So the extrapolation line tracks at 241% above the HPI over time, until the May 2013 sale, where it falls to 152% above the HPI. The line then continues to track at 152% above the HPI.

What might 4B MILLFIELD ROAD be worth now?

4B MILLFIELD ROAD might now be worth an estimated £721,268.

This is based on house price inflation of 45.7%, between May 2013 and December 2024, for detached houses, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 45.7% inflationary increase is applied to the most recent sale price for 4B MILLFIELD ROAD of £495,000 on 29th May 2013. For the value to have increased from £495,000 to £721,268 over the ten years and five months to December 2024, the following assumptions must hold true:

• The value of 4B MILLFIELD ROAD has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The May 2013 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of 4B MILLFIELD ROAD has not materially changed since May 2013.

How Large is 4B MILLFIELD ROAD?

4B MILLFIELD ROAD is 260m² according to the EPC inspection conducted in August 2010. This puts it in the largest 10% of detached houses houses in Whickham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Whickham, and where 4B MILLFIELD ROAD lies on this distribution: 96% of detached houses houses are smaller than 4B MILLFIELD ROAD, and 4% of houses are larger. Note that EPC data is not available for all properties in Whickham.

4B MILLFIELD ROAD: Plot and Title Map

4B MILLFIELD ROAD sits on a plot of roughly 0.250 of an acre, or 1,011m². The below map shows the location of 4B MILLFIELD ROAD, 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 4B MILLFIELD ROAD). 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 4B MILLFIELD ROAD?

4B MILLFIELD ROAD is located in WHICKHAM, in the NE16 postcode district. The below map shows the position of No. 4B on MILLFIELD ROAD.