According to the public record, 24, Melrose Avenue, Hebburn is a mid-century freehold house with 904 ft2 of internal area and sits on a 262 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Melrose Avenue, Hebburn, NE31 is located in the borough of South Tyneside within the NE31 postal district.
24, Melrose Avenue, Hebburn has a single entry in the Land Registry database from August 2021 and a single entry in the EPC database dated May 2021.
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 24 Melrose Avenue Hebburn as £136,264 and the rental value as £875 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 24 Melrose Avenue Hebburn has increased by £5,178 (3.8%) and its rental value has increased by £87 per month (9.9%).
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 24, Melrose Avenue, Hebburn is in very good condition we estimate a sale value of £143,077 and rental value of £919 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £126,725 and a rental value of £814 per month.
If you were able to purchase this property for the estimated value of £136,264, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £670 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, 24, Melrose Avenue, Hebburn sits on a plot of 262m2.
We have plot size data on 7 out of 9 other houses in the postcode and 24, Melrose Avenue, Hebburn sits on the 4th largest plot.
According to HM Land Registry, 24, Melrose Avenue, Hebburn was last sold on 06 Aug 2021 for £141,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2021, the market for similar properties has risen 11.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Melrose Avenue, Hebburn within a radius of 590 metres over the last 2 years.
The most recent example is 10, Clyde Avenue, Hebburn, NE31 2JN, a Freehold house which sold for £135,000 in Oct 2022.
Read more about house prices in NE31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melrose Avenue, Hebburn, NE31 has a total of 27 addresses. According to our analysis of all the public data, 24, Melrose Avenue, Hebburn is the 13th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £10k less expensive than the average property in NE31.
24, Melrose Avenue, Hebburn has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 May 2021.
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 24, Melrose Avenue, Hebburn is Heworth station which is 3.0 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 24, Melrose Avenue, Hebburn, 54.8% of property is socially rented and 23.8% 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 24, Melrose Avenue, Hebburn, 20.3% of residents are recorded as possessing school level qualifications and 17.9% 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 24, Melrose Avenue, 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 24, Melrose Avenue, Hebburn, 0.0% 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 24, Melrose Avenue, Hebburn, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.