56, MILLVIEW DRIVE, NORTH SHIELDS, NE30 2QH - £360,000

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

56 MILLVIEW DRIVE is a large extended semi-detached house of 139m², built sometime between 1950 and 1966, which could now be worth an estimated £617,614. It was last sold for £360,000 in May 2011, which was around 176% above the average May 2011 semi-detached price in the North Tyneside local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was C.

56 MILLVIEW DRIVE Sold Prices

Land registry data shows two sales for 56 MILLVIEW DRIVE 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 North Tyneside local authority area for the corresponding sale date. Both of the two 56 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
2011 13 MAY	£360,000	£130,293	176% above HPI
2006 5 JAN	£247,500	£134,585	84% above HPI

56 MILLVIEW DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Tyneside local authority area over time, sourced from the HPI. The two 56 MILLVIEW DRIVE sales from January 2006 and May 2011 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 2006 sale was for 84% above the HPI. So the extrapolation line tracks at 84% above the HPI over time, until the May 2011 sale, where it rises to 176% above the HPI. The line then continues to track at 176% above the HPI.

What might 56 MILLVIEW DRIVE be worth now?

56 MILLVIEW DRIVE might now be worth an estimated £617,614.

This is based on house price inflation of 71.6%, between May 2011 and February 2025, for semi-detached houses, in the North Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 71.6% inflationary increase is applied to the most recent sale price for 56 MILLVIEW DRIVE of £360,000 on 13th May 2011. For the value to have increased from £360,000 to £617,614 over the fourteen years and three months to February 2025, the following assumptions must hold true:

• The value of 56 MILLVIEW DRIVE has moved in line with the HPI for semi-detached houses in the North Tyneside local authority area.
• The May 2011 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 56 MILLVIEW DRIVE has not materially changed since May 2011.

How Large is 56 MILLVIEW DRIVE?

56 MILLVIEW DRIVE is 139m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the largest 30% of semi-detached houses houses in Tynemouth, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Tynemouth, and where 56 MILLVIEW DRIVE lies on this distribution: 77% of semi-detached houses houses are smaller than 56 MILLVIEW DRIVE, and 22% of houses are larger. Note that EPC data is not available for all properties in Tynemouth.

56 MILLVIEW DRIVE: Plot and Title Map

56 MILLVIEW DRIVE sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 56 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 56 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 56 MILLVIEW DRIVE?

56 MILLVIEW DRIVE is located in NORTH SHIELDS, in the NE30 postcode district. The below map shows the position of No. 56 on MILLVIEW DRIVE.