MILL HAVEN, TOW HOUSE, HEXHAM, NE47 7EG - £335,000

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.

MILL HAVEN is a midsized detached house of 115m², built sometime between 1950 and 1966, which could now be worth an estimated £411,259. It was last sold for £335,000 in February 2021, which was around 14% above the average February 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was November 2018, where the current energy rating was E, and the potential energy rating was D.

MILL HAVEN Sold Prices

Land registry data shows two sales for MILL HAVEN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. One of the two MILL HAVEN sales was for above the average price, whilst the other was 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
2021 22 FEB	£335,000	£293,074	14% above HPI
2009 28 AUG	£238,000	£242,099	2% below HPI

MILL HAVEN Price Paid vs. HPI Average

The below graph shows the average detached house price in the Northumberland local authority area over time, sourced from the HPI. The two MILL HAVEN sales from August 2009 and February 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 August 2009 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the February 2021 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might MILL HAVEN be worth now?

MILL HAVEN might now be worth an estimated £411,259.

This is based on house price inflation of 22.8%, between February 2021 and February 2025, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.8% inflationary increase is applied to the most recent sale price for MILL HAVEN of £335,000 on 22nd February 2021. For the value to have increased from £335,000 to £411,259 over the four years to February 2025, the following assumptions must hold true:

• The value of MILL HAVEN has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The February 2021 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of MILL HAVEN has not materially changed since February 2021.

How Large is MILL HAVEN?

MILL HAVEN is 115m² according to the EPC inspection conducted in November 2018. This puts it in the largest 50% of detached houses houses in Redburn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redburn, and where MILL HAVEN lies on this distribution: 54% of detached houses houses are smaller than MILL HAVEN, and 43% of houses are larger. Note that EPC data is not available for all properties in Redburn.

MILL HAVEN: Plot and Title Map

MILL HAVEN sits on a plot of roughly 0.332 of an acre, or 1,342m². The below map shows the location of MILL HAVEN, 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 MILL HAVEN). 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 MILL HAVEN?

MILL HAVEN is located in TOW HOUSE, in the NE47 postcode district. The below map shows the position of MILL HAVEN in TOW HOUSE.