According to the public record, 40, Monkton Lane, Hebburn is a modern freehold house with 1,313 ft2 of internal area and sits on a 286 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Monkton Lane, Hebburn, NE31 is located in the borough of South Tyneside within the NE31 postal district.
40, Monkton Lane, Hebburn has a single entry in the Land Registry database from December 2016 and a single entry in the EPC database dated November 2016.
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 40 Monkton Lane Hebburn as £288,135 and the rental value as £1,226 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 40 Monkton Lane Hebburn has increased by £5,729 (2.0%) and its rental value has increased by £98 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 40, Monkton Lane, Hebburn is in very good condition we estimate a sale value of £302,542 and rental value of £1,287 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £267,966 and a rental value of £1,140 per month.
If you were able to purchase this property for the estimated value of £288,135, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,416 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, 40, Monkton Lane, Hebburn sits on a plot of 286m2.
We have plot size data on 42 out of 42 other houses in the postcode and 40, Monkton Lane, Hebburn sits on the 14th largest plot.
According to HM Land Registry, 40, Monkton Lane, Hebburn was last sold on 09 Dec 2016 for £265,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2016, the market for similar properties has risen 27.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Monkton Lane, Hebburn within a radius of 630 metres over the last 2 years.
The most recent example is 37, Benedict Lane, Hebburn, NE31 2GA, a Freehold house which sold for £305,000 in Sep 2023.
Read more about house prices in NE31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Monkton Lane, Hebburn, NE31 has a total of 54 addresses. According to our analysis of all the public data, 40, Monkton Lane, Hebburn is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £142k more expensive than the average property in NE31.
40, Monkton Lane, Hebburn has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 22 Nov 2016.
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 40, Monkton Lane, Hebburn is Heworth station which is 3.4 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 40, Monkton Lane, 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 40, Monkton Lane, 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 40, Monkton Lane, 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 40, Monkton Lane, 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 40, Monkton Lane, 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.