55, MILLVIEW DRIVE, NORTH SHIELDS, NE30 2QD - £690,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

55 MILLVIEW DRIVE is a very large extended detached house of 160m², built sometime between 1950 and 1966. It was last sold for £690,000 in June 2021, which was around 121% above the average June 2021 detached price in the North Tyneside local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

55 MILLVIEW DRIVE Sold Prices

Land registry data shows two sales for 55 MILLVIEW DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. Both of the two 55 MILLVIEW DRIVE 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
2021 25 JUN	£690,000	£311,802	121% above HPI
2006 8 SEP	£410,000	£238,611	72% above HPI

55 MILLVIEW DRIVE 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 two 55 MILLVIEW DRIVE sales from September 2006 and June 2021 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 September 2006 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the June 2021 sale, where it rises to 121% above the HPI. The line then continues to track at 121% above the HPI.

How Large is 55 MILLVIEW DRIVE?

55 MILLVIEW DRIVE is 160m², which includes two extensions, according to the EPC inspection conducted in September 2020. This puts it in the largest 20% of detached houses in Tynemouth, based on EPC data. The below chart shows the distribution of detached houses by size in Tynemouth, and where 55 MILLVIEW DRIVE lies on this distribution: 87% of detached houses are smaller than 55 MILLVIEW DRIVE, and 13% of houses are larger. Note that EPC data is not available for all properties in Tynemouth.

55 MILLVIEW DRIVE: Plot and Title Map

55 MILLVIEW DRIVE sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 55 MILLVIEW DRIVE, 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 55 MILLVIEW DRIVE). 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 55 MILLVIEW DRIVE?

55 MILLVIEW DRIVE is located in NORTH SHIELDS, in the NE30 postcode district. The below map shows the position of No. 55 on MILLVIEW DRIVE.