According to the public record, 8, St. Nicholas Way, Hebburn is a modern freehold house with 1,011 ft2 of internal area and sits on a 116 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
St. Nicholas Way, Hebburn, NE31 is located in the borough of South Tyneside within the NE31 postal district.
8, St. Nicholas Way, Hebburn has a single entry in the Land Registry database from December 2013 and a single entry in the EPC database dated June 2013.
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 8 St. Nicholas Way Hebburn as £216,265 and the rental value as £1,020 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 8 St. Nicholas Way Hebburn has increased by £8,315 (3.8%) and its rental value has increased by £102 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 8, St. Nicholas Way, Hebburn is in very good condition we estimate a sale value of £227,078 and rental value of £1,071 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £201,127 and a rental value of £948 per month.
If you were able to purchase this property for the estimated value of £216,265, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,063 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, 8, St. Nicholas Way, Hebburn sits on a plot of 116m2.
We have plot size data on 41 out of 43 other houses in the postcode and 8, St. Nicholas Way, Hebburn sits on the 30th largest plot.
According to HM Land Registry, 8, St. Nicholas Way, Hebburn was last sold on 13 Dec 2013 for £142,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2013, the market for similar properties has risen 38.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, St. Nicholas Way, Hebburn within a radius of 700 metres over the last 2 years.
The most recent example is 234, St. Aloysius View, Hebburn, NE31 1TJ, a Freehold house which sold for £188,000 in Aug 2022.
Read more about house prices in NE31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
St. Nicholas Way, Hebburn, NE31 has a total of 59 addresses. According to our analysis of all the public data, 8, St. Nicholas Way, Hebburn is the 37th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £70k more expensive than the average property in NE31.
8, St. Nicholas Way, Hebburn has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Jun 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 8, St. Nicholas Way, 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 8, St. Nicholas Way, Hebburn, 95.7% of property is socially rented and 4.3% is privately 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 8, St. Nicholas Way, Hebburn, 28.1% of residents are recorded as possessing school level qualifications and 14.0% 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 8, St. Nicholas Way, 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 8, St. Nicholas Way, 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 8, St. Nicholas Way, Hebburn, there are an average of 0.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.