According to the public record, 7, Mill Lane, Hebburn is a modern house with 925 ft2 of internal area and sits on a 1,625 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Mill Lane, Hebburn, NE31 is located in the borough of South Tyneside within the NE31 postal district.
7, Mill Lane, Hebburn has no records in the Land Registry database and a single entry in the EPC database dated June 2016.
We combine this information with public data 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 7 Mill Lane Hebburn as £214,694 and the rental value as £1,007 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 7 Mill Lane Hebburn has increased by £6,418 (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 7, Mill Lane, Hebburn is in very good condition we estimate a sale value of £225,428 and rental value of £1,057 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £199,665 and a rental value of £936 per month.
If you were able to purchase this property for the estimated value of £214,694, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,055 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, 7, Mill Lane, Hebburn sits on a plot of 1625m2.
We have plot size data on 21 out of 27 other houses in the postcode and 7, Mill Lane, Hebburn sits on the largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, 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, 7, Mill Lane, Hebburn is the 31st largest and the 12th most expensive property on the street.
When compared to the postcode district it is £69k more expensive than the average property in NE31.
7, Mill Lane, Hebburn has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 Jun 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 7, 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 7, 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 7, 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 7, 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 7, 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 7, 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.