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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

47 OLWEN DRIVE is a small detached house of 95m², built sometime from 2007 onwards. It was last sold for £174,000 in July 2018, which was around 28% 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	£240,739	28% below HPI
2012 13 JAN	£160,000	£203,277	21% 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 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2018 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

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 in Hebburn, based on EPC data. The below chart shows the distribution of detached houses by size in Hebburn, and where 47 OLWEN DRIVE lies on this distribution: 29% of detached 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.