According to the public record, 18, Gresford Close, Hebburn is a modern freehold house with 1,302 ft2 of internal area and sits on a 299 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Gresford Close, Hebburn, NE31 is located in the borough of South Tyneside within the NE31 postal district.
18, Gresford Close, Hebburn has a single entry in the Land Registry database from November 2019 and a single entry in the EPC database dated October 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in good condition, we estimate the current sale value for 18 Gresford Close Hebburn as £328,091 and the rental value as £1,397 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 18 Gresford Close Hebburn has increased by £6,524 (2.0%) and its rental value has increased by £112 per month (8.0%).
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 18, Gresford Close, Hebburn is in very good condition we estimate a sale value of £344,496 and rental value of £1,467 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £305,125 and a rental value of £1,299 per month.
If you were able to purchase this property for the estimated value of £328,091, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,612 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, 18, Gresford Close, Hebburn sits on a plot of 299m2.
We have plot size data on 17 out of 17 other houses in the postcode and 18, Gresford Close, Hebburn sits on the 6th largest plot.
According to HM Land Registry, 18, Gresford Close, Hebburn was last sold on 29 Nov 2019 for £312,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2019, the market for similar properties has risen 23.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Gresford Close, Hebburn within a radius of 780 metres over the last 2 years.
The most recent example is 85, Holmes Drive, Hebburn, NE31 2BE, a Freehold house which sold for £380,000 in Apr 2024.
Read more about house prices in NE31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gresford Close, Hebburn, NE31 has a total of 17 addresses. According to our analysis of all the public data, 18, Gresford Close, Hebburn is the 2nd largest and the most expensive property on the street.
When compared to the postcode district it is £182k more expensive than the average property in NE31.
18, Gresford Close, Hebburn has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 28 Oct 2019.
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 18, Gresford Close, Hebburn is Heworth station which is 3.3 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 18, Gresford Close, Hebburn, 59.4% of property is socially rented and 21.1% 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 18, Gresford Close, Hebburn, 17.1% of residents are recorded as possessing school level qualifications and 17.4% 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 18, Gresford Close, 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 18, Gresford Close, Hebburn, 0.9% 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 18, Gresford Close, Hebburn, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.