6, BILLY MILL LANE, NORTH SHIELDS, NE29 8LP - £175,000

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.

6 BILLY MILL LANE is a very small semi-detached house of 72m², built sometime between 1930 and 1949, which could now be worth an estimated £269,976. It was last sold for £175,000 in November 2006, which was around 22% above the average November 2006 semi-detached price in the North Tyneside local authority area. The most recent EPC inspection was January 2014, where the current energy rating was E, and the potential energy rating was C.

6 BILLY MILL LANE Sold Prices

Land registry data shows two sales for 6 BILLY 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 North Tyneside local authority area for the corresponding sale date. Both of the two 6 BILLY MILL LANE 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
2006 24 NOV	£175,000	£142,968	22% above HPI
2002 11 MAR	£94,000	£61,062	54% above HPI

6 BILLY MILL LANE 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 6 BILLY MILL LANE sales from March 2002 and November 2006 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 March 2002 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the November 2006 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 6 BILLY MILL LANE be worth now?

6 BILLY MILL LANE might now be worth an estimated £269,976.

This is based on house price inflation of 54.3%, between November 2006 and March 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 54.3% inflationary increase is applied to the most recent sale price for 6 BILLY MILL LANE of £175,000 on 24th November 2006. For the value to have increased from £175,000 to £269,976 over the nineteen years and eight months to March 2025, the following assumptions must hold true:

• The value of 6 BILLY MILL LANE has moved in line with the HPI for semi-detached houses in the North Tyneside local authority area.
• The November 2006 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 6 BILLY MILL LANE has not materially changed since November 2006.

How Large is 6 BILLY MILL LANE?

6 BILLY MILL LANE is 72m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 10% 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 6 BILLY MILL LANE lies on this distribution: 6% of semi-detached houses houses are smaller than 6 BILLY MILL LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Tynemouth.

6 BILLY MILL LANE: Plot and Title Map

6 BILLY MILL LANE sits on a plot of roughly 55.9 acres, or 226,262m². The below map shows the location of 6 BILLY 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 6 BILLY 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 6 BILLY MILL LANE?

6 BILLY MILL LANE is located in NORTH SHIELDS, in the NE29 postcode district. The below map shows the position of No. 6 on BILLY MILL LANE.