7, Burn Terrace
7, Burn Terrace
Description & Estimates
7, Burn Terrace, Hebburn is recorded publicly as a mid-century leasehold apartment across 344 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 7, Burn Terrace, Hebburn is £57,934 and its rental estimate is £419 per month, given the available information and assuming reasonable condition.
Burn Terrace, Hebburn, NE31 falls within the NE31 postal district, in the borough of South Tyneside.
Our Data Sources
7, Burn Terrace, Hebburn has 2 entries in the Land Registry , most recently in June 2014 and a single entry in the EPC database dated December 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 7, Burn Terrace, Hebburn, we estimate a market value of £60,830 and a rental value of £440 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £53,878 and £390 per month respectively.
Recent Market Change
Over the last year, 7, Burn Terrace, Hebburn has seen its estimated sale value decrease by £32 (0.1%) and its estimated rental value grow by £8 per month (1.9%). This results in an estimated gross rental yield of 8.7%.
Energy Efficiency
7, Burn Terrace, Hebburn has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 21 Dec 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of 7, Burn Terrace, Hebburn completed on 20th June 2014 at £36,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 26.8% over the period since June 2014.
- Sold Jun 2014£36,000
- Sold Jun 2008£65,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 7, Burn Terrace, Hebburn have sold within a radius of 840 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 11th December 2023, was 12, Burn Terrace, Hebburn, NE31 1UF, a leasehold flat which sold for £65,000.
Read more about house prices in NE31.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 12 addresses on Burn Terrace, Hebburn, NE31, 7, Burn Terrace, Hebburn comes out as the 3rd largest and the 3rd most expensive in our analysis of the public data.
It is also £95k less expensive than the average property across the NE31 district.
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Schools Nearby
- 500mBill Quay Primary School
- 700mToner Avenue Primary School
- 1.1kmSt Alban's Catholic Primary School, Pelaw
- 400mSt Joseph's Catholic Academy
- 1.4kmHebburn Comprehensive School
- 1.9kmHeworth Grange School
More reading links
Public Transport Nearby
From 7, Burn Terrace, Hebburn, the nearest station is Heworth, 1.9 kilometres away.
- 1.9kmHeworth
- 5.0kmManors
- 5.7kmNewcastle
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
