5, MILL LANE, HEBBURN, NE31 2EW - £235,000

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

5 MILL LANE is a very small detached house of 86m². It was last sold for £235,000 in January 2022, which was around 12% below the average January 2022 detached price in the South Tyneside local authority area. The most recent EPC inspection was December 2016, where the current energy rating was B, and the potential energy rating was A.

5 MILL LANE Sold Prices

Land registry data shows two sales for 5 MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Tyneside local authority area for the corresponding sale date. Both of the two 5 MILL LANE 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 21 JAN	£235,000	£268,541	12% below HPI
2016 19 DEC	£194,995	£232,128	16% below HPI

5 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Tyneside local authority area over time, sourced from the HPI. The two 5 MILL LANE sales from December 2016 and January 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 December 2016 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the January 2022 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 5 MILL LANE be worth now?

5 MILL LANE might now be worth an estimated £266,131.

This is based on house price inflation of 13.2%, between January 2022 and December 2024, for 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 13.2% inflationary increase is applied to the most recent sale price for 5 MILL LANE of £235,000 on 21st January 2022. For the value to have increased from £235,000 to £266,131 over the one year and one month to December 2024, the following assumptions must hold true:

• The value of 5 MILL LANE has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The January 2022 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MILL LANE has not materially changed since January 2022.

How Large is 5 MILL LANE?

5 MILL LANE is 86m² according to the EPC inspection conducted in December 2016. This puts it in the smallest 20% of detached houses houses in Hebburn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hebburn, and where 5 MILL LANE lies on this distribution: 15% of detached houses houses are smaller than 5 MILL LANE, and 84% of houses are larger. Note that EPC data is not available for all properties in Hebburn.

5 MILL LANE: Plot and Title Map

5 MILL LANE sits on a plot of roughly 3.5 acres, or 14,180m². The below map shows the location of 5 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 5 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 5 MILL LANE?

5 MILL LANE is located in HEBBURN, in the NE31 postcode district. The below map shows the position of No. 5 on MILL LANE.