According to the public record, 16, Billy Mill Lane, North Shields is a mid-century freehold house with 1,334 ft2 of internal area and sits on a 295 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Billy Mill Lane, North Shields, NE29 is located in the borough of North Tyneside within the NE29 postal district.
16, Billy Mill Lane, North Shields has 31 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated November 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 16 Billy Mill Lane North Shields as £278,957 and the rental value as £1,526 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 16 Billy Mill Lane North Shields has decreased by £39 (0.0%) and its rental value has increased by £106 per month (6.9%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 16, Billy Mill Lane, North Shields is in very good condition we estimate a sale value of £292,905 and rental value of £1,602 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £259,430 and a rental value of £1,419 per month.
If you were able to purchase this property for the estimated value of £278,957, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,371 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 16, Billy Mill Lane, North Shields sits on a plot of 295m2.
We have plot size data on 5 out of 8 other houses in the postcode and 16, Billy Mill Lane, North Shields sits on the 3rd largest plot.
According to HM Land Registry, 16, Billy Mill Lane, North Shields was last sold on 11 Jun 2021 for £258,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jun 2021, the market for similar properties has risen 11.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Billy Mill Lane, North Shields within a radius of 550 metres over the last 2 years.
The most recent example is 10, Cornhill Crescent, North Shields, NE29 8LN, a Freehold house which sold for £331,000 in May 2024.
Read more about house prices in NE29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Billy Mill Lane, North Shields, NE29 has a total of 72 addresses. According to our analysis of all the public data, 16, Billy Mill Lane, North Shields is the 3rd largest and the 8th most expensive property on the street.
When compared to the postcode district it is £81k more expensive than the average property in NE29.
16, Billy Mill Lane, North Shields has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Nov 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 16, Billy Mill Lane, North Shields is Northumberland Park (Tyne & Wear) station which is 3.5 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 16, Billy Mill Lane, North Shields, 57.9% of property is privately owned outright and 29.4% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 16, Billy Mill Lane, North Shields, 11.2% of residents are recorded as possessing school level qualifications and 23.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 16, Billy Mill Lane, North Shields, the average age was 45.2 and the most common age was 57.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 16, Billy Mill Lane, North Shields, 0.0% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 16, Billy Mill Lane, North Shields, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.