54 Olwen Drive, Hebburn, NE31 1AR is a leasehold flat built in 2007 onwards. The property offers approximately 657 square feet of living space and is situated on the 2nd floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £81,276 , which equates to approximately £124 per square foot. It was last sold on 21 Sep 2018 for £69,950. Since then, the value has increased by £11,326, representing a 16.2% increase, or approximately 2.2% per year.

The current estimated value of £81,276 is:

  • 59.6% lower than the average property price on Olwen Drive
  • 57.7% lower than the average in the NE31 1AR postcode area
  • and 54.8% lower than the average price for Hebburn as a whole

At the most recent EPC inspection on 23 August 2018, the property was recorded as owner-occupied.

View sold house prices in NE31 1AR

Building approximate location

About Property

Type
Flat
Built
2007 onwards
Interior Size
657 sq ft
Tenure
Leasehold
Floor level
2nd floor
Price (estimate)
£81,276
Price Per sq ft (estimate)
£124
Bedroom Count (estimate)
2 bedrooms

EPC Summary

54 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 23 Aug 2018.

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 2 Jul 2013, when the property was rated C. The current rating of D reflects a decline in energy efficiency of 10.7%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency changing from poor to very poor, while the heating system type remained the same (room heaters, electric).
  • The hot water system was changed from electric immersion, off-peak to electric immersion, standard tariff, with its energy efficiency changing from average to very poor.
  • The roof construction or insulation changed from pitched, 250 mm loft insulation to pitched, insulated (assumed), with no change in energy efficiency (good).
  • The lighting was updated from low energy lighting in 33% of fixed outlets to no low energy lighting, with efficiency changing from average to very poor.
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, standard tariff
Very Poor
Roof
Pitched, insulated (assumed)
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
No low energy lighting
Very Poor

Compared to NE31 1AR

41 st / 43
Price Rank
58% lower than average
23 rd / 30
Size Rank
31% smaller than average
25 th / 30
Price Per Sq FT Rank
39% lower than average

Compared to other properties in NE31 1AR , this flat's estimated value ranks 41th out of 43. Based on price per square foot, it ranks 25th 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 23th out of 30 properties in its postcode area.

Sale History

Today
£81,276
streetscan.co.uk estimate
+16 %
21 Sep 2018
£69,950
Leasehold
-41.1 %
29 Jun 2007
£118,745
Leasehold

Area Insights

Similar Properties Sold Nearby

50 Olwen Drive, Hebburn, NE31 1AR
rooms: 3
size: 667 sq ft
sale price: £78,000
sale date: 30 Jun 2023
6 Olwen Drive, Hebburn, NE31 1AR
rooms: 3
size: 624 sq ft
sale price: £74,000
sale date: 7 Mar 2022
30 Olwen Drive, Hebburn, NE31 1AR
rooms: 3
size: 560 sq ft
sale price: £75,000
sale date: 31 Mar 2021
4 Olwen Drive, Hebburn, NE31 1AR
rooms: 3
size: 635 sq ft
sale price: £76,000
sale date: 19 Oct 2015
3 Olwen Drive, Hebburn, NE31 1AR
rooms: 3
size: 743 sq ft
sale price: £76,000
sale date: 16 Oct 2015

Data Sources

The property at 54 Olwen Drive, Hebburn, NE31 1AR appears two times in the Land Registry records, with the latest transaction recorded on 21 Sep 2018. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 23 Aug 2018. 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.
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