According to the public record, 77, Makendon Street, Hebburn is a modern leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Makendon Street, Hebburn, NE31 is located in the borough of South Tyneside within the NE31 postal district.
77, Makendon Street, Hebburn has 51 entries in the Land Registry database, most recently in September 2022 and a single entry in the EPC database dated November 2020.
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 77 Makendon Street Hebburn as £90,065 and the rental value as £628 per month giving an expected gross yield of 8.4%.
Over the last 12 months the sale value of 77 Makendon Street Hebburn has increased by £3,477 (3.9%) and its rental value has increased by £63 per month (10.0%).
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 77, Makendon Street, Hebburn is in very good condition we estimate a sale value of £94,568 and rental value of £659 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £83,761 and a rental value of £584 per month.
If you were able to purchase this property for the estimated value of £90,065, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £443 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, 77, Makendon Street, Hebburn was last sold on 02 Sep 2022 for £76,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Sep 2022, the market for similar properties has risen 3.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 77, Makendon Street, Hebburn within a radius of 540 metres over the last 2 years.
The most recent example is 15, Tidespring Row, Hebburn, NE31 1AS, a Leasehold flat which sold for £99,950 in Jul 2024.
Read more about house prices in NE31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Makendon Street, Hebburn, NE31 has a total of 78 addresses. According to our analysis of all the public data, 77, Makendon Street, Hebburn is the 5th largest and the 57th most expensive property on the street.
When compared to the postcode district it is £56k less expensive than the average property in NE31.
77, Makendon Street, Hebburn has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Nov 2020.
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 77, Makendon Street, 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 77, Makendon Street, Hebburn, 46.4% of property is privately owned with a mortgage and 20.9% is socially rented.
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 77, Makendon Street, Hebburn, 17.7% of residents are recorded as possessing school level qualifications and 31.1% 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 77, Makendon Street, 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 77, Makendon Street, Hebburn, 1.6% 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 77, Makendon Street, Hebburn, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.