According to the public record, 71, Victoria Road East, Hebburn is a mid-century leasehold apartment with 564 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Victoria Road East, Hebburn, NE31 is located in the borough of South Tyneside within the NE31 postal district.
71, Victoria Road East, Hebburn has a single entry in the Land Registry database from October 2011 and a single entry in the EPC database dated March 2010.
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 71 Victoria Road East Hebburn as £64,943 and the rental value as £508 per month giving an expected gross yield of 9.4%.
Over the last 12 months the sale value of 71 Victoria Road East Hebburn has increased by £2,375 (3.7%) and its rental value has increased by £50 per month (9.8%).
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 71, Victoria Road East, Hebburn is in very good condition we estimate a sale value of £68,190 and rental value of £533 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £60,397 and a rental value of £472 per month.
If you were able to purchase this property for the estimated value of £64,943, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £319 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, 71, Victoria Road East, Hebburn was last sold on 21 Oct 2011 for £69,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2011, the market for similar properties has risen 19.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 71, Victoria Road East, Hebburn within a radius of 540 metres over the last 2 years.
The most recent example is 20, Quarry Road, Hebburn, NE31 2UN, a Leasehold flat which sold for £39,995 in Jan 2020.
Read more about house prices in NE31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Victoria Road East, Hebburn, NE31 has a total of 168 addresses. According to our analysis of all the public data, 71, Victoria Road East, Hebburn is the 163rd largest and the 155th most expensive property on the street.
When compared to the postcode district it is £81k less expensive than the average property in NE31.
71, Victoria Road East, Hebburn has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Mar 2010.
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 71, Victoria Road East, Hebburn is Heworth station which is 3.6 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 71, Victoria Road East, Hebburn, 50.8% of property is socially rented and 21.9% 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 71, Victoria Road East, Hebburn, 29.4% of residents are recorded as possessing school level qualifications and 19.3% 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 71, Victoria Road East, 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 71, Victoria Road East, Hebburn, 0.6% 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 71, Victoria Road East, Hebburn, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.