MILL VIEW, OTTERBURN, NEWCASTLE UPON TYNE, NE19 1NP - £325,000

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 VIEW is a large detached house of 165m², built sometime between 1996 and 2002, which could now be worth an estimated £482,317. It was last sold for £325,000 in November 2011, which was around 34% above the average November 2011 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2011, where the current energy rating was E, and the potential energy rating was E.

MILL VIEW Sold Prices

Land registry data shows two sales for MILL VIEW 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 VIEW 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
2011 4 NOV	£325,000	£242,437	34% above HPI
1999 8 JUL	£18,000	£101,180	82% below HPI

MILL VIEW 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 VIEW sales from July 1999 and November 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 July 1999 sale was for 82% below the HPI. So the extrapolation line tracks at 82% below the HPI over time, until the November 2011 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might MILL VIEW be worth now?

MILL VIEW might now be worth an estimated £482,317.

This is based on house price inflation of 48.4%, between November 2011 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 48.4% inflationary increase is applied to the most recent sale price for MILL VIEW of £325,000 on 4th November 2011. For the value to have increased from £325,000 to £482,317 over the fourteen years and nine months to February 2025, the following assumptions must hold true:

• The value of MILL VIEW has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The November 2011 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of MILL VIEW has not materially changed since November 2011.

How Large is MILL VIEW?

MILL VIEW is 165m² according to the EPC inspection conducted in August 2011. This puts it in the largest 40% of detached houses houses in Otterburn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Otterburn, and where MILL VIEW lies on this distribution: 68% of detached houses houses are smaller than MILL VIEW, and 33% of houses are larger. Note that EPC data is not available for all properties in Otterburn.

MILL VIEW: Plot and Title Map

MILL VIEW sits on a plot of roughly 0.322 of an acre, or 1,305m². The below map shows the location of MILL VIEW, 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 VIEW). 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 VIEW?

MILL VIEW is located in OTTERBURN, in the NE19 postcode district. The below map shows the position of MILL VIEW in OTTERBURN.