According to the public record, 16, Mill Lane, Hebburn is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 862 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Mill Lane, Hebburn, NE31 is located in the borough of South Tyneside within the NE31 postal district.
16, Mill Lane, Hebburn has 21 entries in the Land Registry database, most recently in December 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 16 Mill Lane Hebburn as £209,434 and the rental value as £1,000 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 16 Mill Lane Hebburn has increased by £6,261 (3.0%) and its rental value has increased by £91 per month (9.1%).
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, Mill Lane, Hebburn is in very good condition we estimate a sale value of £219,906 and rental value of £1,050 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £194,774 and a rental value of £930 per month.
If you were able to purchase this property for the estimated value of £209,434, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,029 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 HM Land Registry, 16, Mill Lane, Hebburn was last sold on 17 Dec 2007 for £150,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2007, the market for similar properties has risen 22.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Mill Lane, Hebburn within a radius of 700 metres over the last 2 years.
The most recent example is 10, Regent Drive, Hebburn, NE31 2EF, a Freehold house which sold for £205,000 in Nov 2022.
Read more about house prices in NE31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Lane, Hebburn, NE31 has a total of 65 addresses. According to our analysis of all the public data, 16, Mill Lane, Hebburn is the 36th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £63k more expensive than the average property in NE31.
The closest station to 16, Mill Lane, Hebburn is Heworth station which is 2.3 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, Mill Lane, Hebburn, 51.1% of property is privately owned with a mortgage and 31.4% is privately owned outright.
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, Mill Lane, Hebburn, 17.6% of residents are recorded as possessing school level qualifications and 35.7% 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, Mill Lane, Hebburn, the average age was 40.5 and the most common age was 32.
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, Mill Lane, Hebburn, 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, Mill Lane, Hebburn, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.