47, OLWEN DRIVE, HEBBURN, NE31 1AR - £174,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

47 OLWEN DRIVE is a small detached house of 95m², built sometime from 2007 onwards, which could now be worth an estimated £216,439. It was last sold for £174,000 in July 2018, which was around 29% below the average July 2018 detached price in the South Tyneside local authority area. The most recent EPC inspection was April 2010, where the current energy rating was C, and the potential energy rating was C.

47 OLWEN DRIVE Sold Prices

Land registry data shows two sales for 47 OLWEN DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Tyneside local authority area for the corresponding sale date. Both of the two 47 OLWEN DRIVE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 20 JUL	£174,000	£244,485	29% below HPI
2012 13 JAN	£160,000	£206,441	22% below HPI

47 OLWEN DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Tyneside local authority area over time, sourced from the HPI. The two 47 OLWEN DRIVE sales from January 2012 and July 2018 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 2012 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the July 2018 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 47 OLWEN DRIVE be worth now?

47 OLWEN DRIVE might now be worth an estimated £216,439.

This is based on house price inflation of 24.4%, between July 2018 and December 2024, for detached houses, in the South Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.4% inflationary increase is applied to the most recent sale price for 47 OLWEN DRIVE of £174,000 on 20th July 2018. For the value to have increased from £174,000 to £216,439 over the five years and seven months to December 2024, the following assumptions must hold true:

• The value of 47 OLWEN DRIVE has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The July 2018 sale price of £174,000 represented a fair market value for the property.
• The size, condition, and specification of 47 OLWEN DRIVE has not materially changed since July 2018.

How Large is 47 OLWEN DRIVE?

47 OLWEN DRIVE is 95m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 30% of detached houses houses in Hebburn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hebburn, and where 47 OLWEN DRIVE lies on this distribution: 29% of detached houses houses are smaller than 47 OLWEN DRIVE, and 71% of houses are larger. Note that EPC data is not available for all properties in Hebburn.

47 OLWEN DRIVE: Plot and Title Map

47 OLWEN DRIVE sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 47 OLWEN DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 47 OLWEN DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 47 OLWEN DRIVE?

47 OLWEN DRIVE is located in HEBBURN, in the NE31 postcode district. The below map shows the position of No. 47 on OLWEN DRIVE.