8 Olwen Drive

    8, OLWEN DRIVE, HEBBURN, NE31 1AR

    This terraced leasehold property on Olwen Drive last sold in October 2020 for £148,000. Based on price growth in the NE31 district since then, its estimated current value is £196,660 — placing it in the 24th percentile nationally and the 58th percentile within NE31. The property covers 104 m² (1,119 sq ft), giving an estimated value of £1,891 per m². The EPC rating is C, with a potential rating of B.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    104 m²

    (1,119 sq ft)

    Last Sale Price

    £148,000

    Oct 2020

    Estimated Valuation

    £196,660

    Est. £/m²

    £1,891/m²

    £176/sq ft

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2007-2011
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area104 m² (1,119 sq ft)
    EPC dateJan 2019
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    19 Oct 2020

    £148,000

    23 Jun 2009

    £165,000

    Key Metrics

    Estimated valuation£196,660
    Value per m² / sq ft£1,891/m² (£176/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE31 district percentile58th percentile
    National percentile24th percentile

    District Context — NE31

    NE31 covers South Shields and surrounding areas in South Tyneside, on the south bank of the River Tyne in North East England. It is a traditional coastal and former industrial community with a mix of terraced housing, modern developments, and seafront amenities.

    Average Property Price - NE31

    £190,157

    10

    National percentile

    Average Net Household Income - NE31

    £33,631

    23

    National percentile

    10-Year Annualised Price Growth - NE31

    3.4%

    41

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE31

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