According to the public record, 2, Palmer Crescent, Hebburn is a mid-century freehold house with 925 ft2 of internal area and sits on a 425 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Palmer Crescent, Hebburn, NE31 is located in the borough of South Tyneside within the NE31 postal district.
2, Palmer Crescent, Hebburn has a single entry in the Land Registry database from August 2022 and a single entry in the EPC database dated April 2015.
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 reasonable condition, we estimate the current sale value for 2 Palmer Crescent Hebburn as £117,424 and the rental value as £753 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 2 Palmer Crescent Hebburn has increased by £3,583 (3.1%) and its rental value has increased by £68 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 2, Palmer Crescent, Hebburn is in very good condition we estimate a sale value of £123,295 and rental value of £791 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £109,204 and a rental value of £700 per month.
If you were able to purchase this property for the estimated value of £117,424, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £577 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, 2, Palmer Crescent, Hebburn sits on a plot of 425m2.
We have plot size data on 11 out of 38 other houses in the postcode and 2, Palmer Crescent, Hebburn sits on the 2nd largest plot.
According to HM Land Registry, 2, Palmer Crescent, Hebburn was last sold on 26 Aug 2022 for £122,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2022, the market for similar properties has risen 2.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Palmer Crescent, Hebburn within a radius of 510 metres over the last 2 years.
The most recent example is 99, Northbourne Road, Jarrow, NE32 5JR, a Freehold house which sold for £99,950 in Dec 2023.
Read more about house prices in NE31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Palmer Crescent, Hebburn, NE31 has a total of 48 addresses. According to our analysis of all the public data, 2, Palmer Crescent, Hebburn is the 8th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £29k less expensive than the average property in NE31.
2, Palmer Crescent, Hebburn has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Apr 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 2, Palmer Crescent, Hebburn is Heworth station which is 4.1 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 2, Palmer Crescent, Hebburn, 50.0% of property is privately owned with a mortgage and 45.3% 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 2, Palmer Crescent, Hebburn, 20.3% of residents are recorded as possessing school level qualifications and 34.0% 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 2, Palmer Crescent, Hebburn, the average age was 39.8 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 2, Palmer Crescent, Hebburn, 1.9% 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 2, Palmer Crescent, 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.