MILLFIELD HOUSE, GREENSIDE, RYTON, NE40 4SU - £122,000

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.

MILLFIELD HOUSE is a very small extended detached house of 94m², built sometime before 1900, which could now be worth an estimated £148,508. It was last sold for £122,000 in April 2019, which was around 47% below the average April 2019 detached price in the Gateshead local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

MILLFIELD HOUSE Sold Prices

Land registry data shows three sales for MILLFIELD HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the three MILLFIELD HOUSE sales were 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
2019 29 APR	£122,000	£230,848	47% below HPI
2007 9 FEB	£166,500	£212,196	22% below HPI
2001 29 JUN	£43,000	£93,618	54% below HPI

MILLFIELD HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gateshead local authority area over time, sourced from the HPI. The three MILLFIELD HOUSE sales between June 2001 and April 2019 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 February 2007 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the April 2019 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might MILLFIELD HOUSE be worth now?

MILLFIELD HOUSE might now be worth an estimated £148,508.

This is based on house price inflation of 21.7%, between April 2019 and February 2025, for detached houses, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.7% inflationary increase is applied to the most recent sale price for MILLFIELD HOUSE of £122,000 on 29th April 2019. For the value to have increased from £122,000 to £148,508 over the six years and two months to February 2025, the following assumptions must hold true:

• The value of MILLFIELD HOUSE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The April 2019 sale price of £122,000 represented a fair market value for the property.
• The size, condition, and specification of MILLFIELD HOUSE has not materially changed since April 2019.

How Large is MILLFIELD HOUSE?

MILLFIELD HOUSE is 94m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the smallest 20% of detached houses houses in Greenside, based on EPC data. The below chart shows the distribution of detached houses houses by size in Greenside, and where MILLFIELD HOUSE lies on this distribution: 18% of detached houses houses are smaller than MILLFIELD HOUSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Greenside.

MILLFIELD HOUSE: Plot and Title Map

MILLFIELD HOUSE sits on a plot of roughly 0.039 of an acre, or 157m². The below map shows the location of MILLFIELD HOUSE, 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 MILLFIELD HOUSE). 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 MILLFIELD HOUSE?

MILLFIELD HOUSE is located in GREENSIDE, in the NE40 postcode district. The below map shows the position of MILLFIELD HOUSE in GREENSIDE.