According to the public record, 58, Chaffinch Drive, Hebburn is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 901 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Chaffinch Drive, Hebburn, NE31 is located in the borough of South Tyneside within the NE31 postal district.
58, Chaffinch Drive, Hebburn has a single entry in the Land Registry database from November 2020 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in good condition, we estimate the current sale value for 58 Chaffinch Drive Hebburn as £248,508 and the rental value as £1,171 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 58 Chaffinch Drive Hebburn has increased by £5,428 (2.2%) and its rental value has increased by £96 per month (8.2%).
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 58, Chaffinch Drive, Hebburn is in very good condition we estimate a sale value of £260,934 and rental value of £1,229 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £231,113 and a rental value of £1,089 per month.
If you were able to purchase this property for the estimated value of £248,508, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,221 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 HM Land Registry, 58, Chaffinch Drive, Hebburn was last sold on 27 Nov 2020 for £192,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2020, the market for similar properties has risen 13.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 58, Chaffinch Drive, Hebburn within a radius of 720 metres over the last 2 years.
The most recent example is 21, Chaffinch Drive, Hebburn, NE31 1BF, a Freehold house which sold for £186,100 in Jun 2021.
Read more about house prices in NE31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chaffinch Drive, Hebburn, NE31 has a total of 95 addresses. According to our analysis of all the public data, 58, Chaffinch Drive, Hebburn is the 75th largest and the 78th most expensive property on the street.
When compared to the postcode district it is £102k more expensive than the average property in NE31.
The closest station to 58, Chaffinch Drive, Hebburn is Heworth station which is 2.5 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 58, Chaffinch Drive, Hebburn, 60.5% of property is privately owned outright and 27.7% is privately owned with a mortgage.
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 58, Chaffinch Drive, Hebburn, 10.9% of residents are recorded as possessing school level qualifications and 26.5% 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 58, Chaffinch Drive, Hebburn, the average age was 41.3 and the most common age was 57.
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 58, Chaffinch Drive, Hebburn, 1.3% 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 58, Chaffinch Drive, Hebburn, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.