50 Olwen Drive, Hebburn, NE31 1AR is a leasehold flat built between 2007-2011. The property offers approximately 667 square feet of living space. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £80,857 , which equates to approximately £121 per square foot. It was last sold on 30 Jun 2023 for £78,000. Since then, the value has increased by £2,857, representing a 3.7% increase, or approximately 1.5% per year.

The current estimated value of £80,857 is:

  • 59.8% lower than the average property price on Olwen Drive
  • 57.9% lower than the average in the NE31 1AR postcode area
  • and 55.0% lower than the average price for Hebburn as a whole

At the most recent EPC inspection on 19 April 2023, the property was recorded as owner-occupied.

View sold house prices in NE31 1AR

Building approximate location

About Property

Type
Flat
Built
2007-2011
Interior Size
667 sq ft
Tenure
Leasehold
Price (estimate)
£80,857
Price Per sq ft (estimate)
£121
Bedroom Count (estimate)
2 bedrooms

EPC Summary

50 Olwen Drive, Hebburn, South Tyneside, Tyne And Wear, NE31 1AR has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 19 Apr 2023.

This property uses electric room heaters as its main heating source. A standard tariff electric immersion heater is used to provide hot water. The windows are fully double glazed.

The previous EPC assessment was conducted on 5 Oct 2010. The rating of D remains the same, but the energy efficiency score improved by 10.3%.

Since the previous assessment, several changes were observed:

  • The lighting was changed from low energy lighting in 80% of fixed outlets to low energy lighting in 86% of fixed outlets, with no change in efficiency (very good).
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, standard tariff
Very Poor
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in 86% of fixed outlets
Very Good

Compared to NE31 1AR

42 nd / 43
Price Rank
58% lower than average
21 st / 30
Size Rank
30% smaller than average
28 th / 30
Price Per Sq FT Rank
40% lower than average

Compared to other properties in NE31 1AR , this flat's estimated value ranks 42th out of 43. Based on price per square foot, it ranks 28th out of 30 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 21th out of 30 properties in its postcode area.

Sale History

Today
£80,857
streetscan.co.uk estimate
+4 %
30 Jun 2023
£78,000
Leasehold
-32.2 %
29 Jun 2007
£114,995
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 624 sq ft
sale price: £74,000
sale date: 7 Mar 2022
rooms: 3
size: 657 sq ft
sale price: £69,950
sale date: 21 Sep 2018
rooms: 3
size: 635 sq ft
sale price: £76,000
sale date: 19 Oct 2015
rooms: 3
size: 743 sq ft
sale price: £76,000
sale date: 16 Oct 2015
rooms: 3
size: 743 sq ft
sale price: £76,000
sale date: 3 Jul 2015

Data Sources

The property at 50 Olwen Drive, Hebburn, NE31 1AR appears two times in the Land Registry records, with the latest transaction recorded on 30 Jun 2023. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 19 Apr 2023. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.