Housing Market Analysis for OLWEN DRIVE, NE31 1AR

Are you looking to understand NE31 1AR house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this South Tyneside postcode.

For the location information and nearby amenities in the NE31 1AR area, explore the NE31 1AR Area information page.
For comprehensive crime statistics in the NE31 1AR area, explore the NE31 1AR Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NE31 1AR postcode area, The average prices are as follows,

Flat
- The average price is around £99,389 median price is £114,995 Standard Deviation is £25,240 with Total Sold: 23
- The Last 5 Year average price is £75,667 with Total Sold: 3
- The most recent sale happened at this postcode is 50 OLWEN DRIVE: £78,000 (Sold on 30 Jun 2023)
- The first recorded sale happened at this postcode is 50 OLWEN DRIVE: £114,995 (Sold on 29 Jun 2007)
Terraced
- The average price is around £162,893 median price is £164,000 Standard Deviation is £16,559 with Total Sold: 17
- The Last 5 Year average price is £165,333 with Total Sold: 6
- The most recent sale happened at this postcode is 25 OLWEN DRIVE: £170,000 (Sold on 23 Dec 2022)
- The first recorded sale happened at this postcode is 25 OLWEN DRIVE: £160,000 (Sold on 06 Jan 2023)
Semi-Detached
- The average price is around £188,958 median price is £188,995 Standard Deviation is £3,217 with Total Sold: 3
- The Last 5 Year average price is £185,000 with Total Sold: 1
- The most recent sale happened at this postcode is 48 OLWEN DRIVE: £185,000 (Sold on 31 Aug 2022)
- The first recorded sale happened at this postcode is 49 OLWEN DRIVE: £188,995 (Sold on 03 Aug 2007)
Detached
- The average price is around £189,681 median price is £186,848 Standard Deviation is £19,803 with Total Sold: 30
- The Last 5 Year average price is £185,000 with Total Sold: 4
- The most recent sale happened at this postcode is 11 OLWEN DRIVE: £185,000 (Sold on 09 Jul 2021)
- The first recorded sale happened at this postcode is 18 OLWEN DRIVE: £214,440 (Sold on 14 Dec 2007)

Sold Price Trend Over the Years:

Below table and chart gives the average NE31 1AR house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£78,000	£1,258	1
2022	£74,000	£1,600	1
2021	£75,000	£1,442	1
2018	£69,950	£1,128	1
2016	£63,500	£1,221	1
2015	£74,667	£1,276	6
2008	£122,877	£2,042	6
2007	£123,373	£1,945	6

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£170,000	£1,683	1
2021	£175,000	£1,678	2
2020	£156,000	£1,508	2
2018	£134,000	£1,288	1
2016	£144,000	£1,398	1
2010	£186,500	£1,771	2
2009	£157,047	£2,217	4
2008	£165,998	£1,588	3
2023	£160,000		1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£185,000	£1,779	1
2007	£190,938	£1,855	2

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£185,000	£1,869	1
2020	£172,500	£1,725	2
2019	£210,000	£2,143	1
2018	£174,000	£1,836	1
2016	£226,000	£2,214	2
2015	£169,975	£1,808	2
2012	£166,000	£1,681	2
2011	£190,000	£1,848	1
2009	£171,826		2
2008	£188,122	£2,569	6
2007	£199,011	£2,016	10

All the Sales in the OLWEN DRIVE, NE31 1AR

See the table below for more details on the sold house prices in the NE31 1AR, South Tyneside postcode.

Address	Sold Date	Price	% Change
50 OLWEN DRIVEFlat, LeaseholdArea: 62 Sq.mtrAge: 2007-2011	30 Jun 2023	£78,000	-32.17%
50 OLWEN DRIVEFlat, LeaseholdArea: 62 Sq.mtrAge: 2007-2011	29 Jun 2007	£114,995	First Sale
25 OLWEN DRIVETerraced, LeaseholdArea: 101 Sq.mtrAge: 2007-2011	23 Dec 2022	£170,000	6.92%
	18 Dec 2008	£159,000	-0.62%
	06 Jan 2023	£160,000	First Sale
48 OLWEN DRIVESemi-Detached, FreeholdArea: 104 Sq.mtrAge: 2003-2006	31 Aug 2022	£185,000	-4.09%
	28 Sep 2007	£192,880	First Sale
6 OLWEN DRIVEFlat, LeaseholdArea: 46.25 Sq.mtrAge: 2007 onwards	07 Mar 2022	£74,000	2.78%
	26 Jun 2015	£72,000	-41.70%
	27 Jun 2008	£123,494	First Sale
9 OLWEN DRIVETerraced, LeaseholdArea: 103 Sq.mtrAge: 2007-2011	09 Aug 2021	£152,000	-3.03%
	19 Oct 2009	£156,750	First Sale
45 OLWEN DRIVETerraced, FreeholdArea: 105.31 Sq.mtr	30 Jul 2021	£198,000	9.70%
45 OLWEN DRIVETerraced, FreeholdArea: 105.31 Sq.mtr	10 Mar 2010	£180,500	First Sale
11 OLWEN DRIVEDetached, LeaseholdArea: 99 Sq.mtrAge: 2007-2011	09 Jul 2021	£185,000	2.78%
	27 Jun 2008	£180,000	First Sale
30 OLWEN DRIVEFlat, LeaseholdArea: 52 Sq.mtrAge: 2007 onwards	31 Mar 2021	£75,000	18.11%
	09 May 2016	£63,500	First Sale
10 OLWEN DRIVETerraced, LeaseholdArea: 103 Sq.mtrAge: 2007 onwards	11 Dec 2020	£164,000	13.89%
	15 Jul 2016	£144,000	-17.24%
	12 Dec 2008	£173,995	First Sale
8 OLWEN DRIVETerraced, LeaseholdArea: 104 Sq.mtrAge: 2007 onwards	19 Oct 2020	£148,000	-10.30%
	23 Jun 2009	£165,000	First Sale
12 OLWEN DRIVEDetached, FreeholdArea: 100 Sq.mtrAge: 2007 onwards	28 Aug 2020	£175,000	2.94%
	28 Aug 2020	£170,000	-15.01%
	01 Jul 2008	£200,020	First Sale
39 OLWEN DRIVEDetached, FreeholdArea: 98 Sq.mtrAge: 2007 onwards	12 Dec 2019	£210,000	-3.23%
	05 Sep 2016	£217,000	0.26%
	28 Mar 2008	£216,440	First Sale
54 OLWEN DRIVEFlat, LeaseholdArea: 62 Sq.mtrAge: 2007 onwards	21 Sep 2018	£69,950	-41.09%
	29 Jun 2007	£118,745	First Sale
47 OLWEN DRIVEDetached, FreeholdArea: 94.781 Sq.mtrAge: 2007 onwards	20 Jul 2018	£174,000	8.75%
	13 Jan 2012	£160,000	First Sale
7 OLWEN DRIVETerraced, FreeholdArea: 104 Sq.mtrAge: 2007 onwards	24 Apr 2018	£134,000	-5.26%
	11 Sep 2009	£141,438	First Sale
18 OLWEN DRIVEDetached, Freehold	10 Nov 2016	£235,000	9.59%
18 OLWEN DRIVEDetached, Freehold	14 Dec 2007	£214,440	First Sale
42 OLWEN DRIVEDetached, FreeholdArea: 94 Sq.mtrAge: 2007 onwards	27 Nov 2015	£170,000	0.03%
	27 Nov 2015	£169,950	-8.38%
	19 Dec 2007	£185,495	First Sale
4 OLWEN DRIVEFlat, LeaseholdArea: 0 Sq.mtr	19 Oct 2015	£76,000	-36.56%
4 OLWEN DRIVEFlat, LeaseholdArea: 0 Sq.mtr	27 Jun 2008	£119,803	First Sale
3 OLWEN DRIVEFlat, LeaseholdArea: 69.09 Sq.mtr	16 Oct 2015	£76,000	-39.36%
3 OLWEN DRIVEFlat, LeaseholdArea: 69.09 Sq.mtr	27 Jun 2008	£125,332	First Sale
1 OLWEN DRIVEFlat, LeaseholdArea: 69 Sq.mtrAge: 2007 onwards	03 Jul 2015	£76,000	-38.00%
	27 Jun 2008	£122,572	First Sale
2 OLWEN DRIVEFlat, LeaseholdArea: 60.41 Sq.mtr	25 Jun 2015	£72,000	-38.48%
2 OLWEN DRIVEFlat, LeaseholdArea: 60.41 Sq.mtr	27 Jun 2008	£117,043	First Sale
5 OLWEN DRIVEFlat, LeaseholdArea: 53.1 Sq.mtrAge: 2007 onwards	24 Jun 2015	£76,000	-41.09%
	27 Jun 2008	£129,019	First Sale
20 OLWEN DRIVEDetached, FreeholdArea: 102.79 Sq.mtrAge: 2007 onwards	27 Apr 2012	£172,000	-9.47%
	21 Oct 2011	£190,000	-11.40%
	18 Dec 2007	£214,440	First Sale
46 OLWEN DRIVETerraced, FreeholdArea: 105.31 Sq.mtr	26 Mar 2010	£192,500	First Sale
16 OLWEN DRIVEDetached, Leasehold	04 Nov 2009	£159,653	First Sale
38 OLWEN DRIVEDetached, Leasehold	29 May 2009	£184,000	First Sale
24 OLWEN DRIVETerraced, LeaseholdArea: 37.49 Sq.mtr	30 Apr 2009	£165,000	First Sale
23 OLWEN DRIVETerraced, LeaseholdArea: 110 Sq.mtrAge: 2007-2011	19 Dec 2008	£165,000	First Sale
14 OLWEN DRIVEDetached, Leasehold	29 Aug 2008	£175,950	First Sale
22 OLWEN DRIVEDetached, LeaseholdArea: 37.49 Sq.mtr	30 Jun 2008	£159,300	First Sale
15 OLWEN DRIVEDetached, Freehold	26 Jun 2008	£197,020	First Sale
41 OLWEN DRIVEDetached, Freehold	21 Dec 2007	£197,250	First Sale
44 OLWEN DRIVEDetached, LeaseholdArea: 84 Sq.mtrAge: 2007 onwards	21 Dec 2007	£195,000	First Sale
40 OLWEN DRIVEDetached, Freehold	21 Dec 2007	£195,055	First Sale
43 OLWEN DRIVEDetached, Freehold	21 Dec 2007	£199,020	First Sale
21 OLWEN DRIVEDetached, Freehold	19 Dec 2007	£223,060	First Sale
17 OLWEN DRIVEDetached, Freehold	17 Dec 2007	£188,200	First Sale
19 OLWEN DRIVEDetached, Leasehold	14 Dec 2007	£178,150	First Sale
55 OLWEN DRIVEFlat, LeaseholdArea: 60.185 Sq.mtrAge: 2007 onwards	26 Oct 2007	£132,000	First Sale
52 OLWEN DRIVEFlat, LeaseholdArea: 61 Sq.mtrAge: 2003-2006	26 Oct 2007	£120,000	First Sale
53 OLWEN DRIVEFlat, Leasehold	28 Sep 2007	£132,500	First Sale
51 OLWEN DRIVEFlat, LeaseholdArea: 68 Sq.mtrAge: 2007 onwards	15 Aug 2007	£122,000	First Sale
49 OLWEN DRIVESemi-Detached, Freehold	03 Aug 2007	£188,995	First Sale

Check out the sold house prices near the NE31 1AR postcode. Properties currently for saleProperties currently for rent

OLWEN DRIVE, NE31 1AR Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NE31 1AR postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the NE31 1AR postcode.

Semi-Detached
- The average price is around £103,472 median price is £104,995 Standard Deviation is £47,498 with Total Sold: 506
- The Last 5 Year average price is £134,636 with Total Sold: 86
- The most recent sale happened at this postcode is , 22 WILKINSON GARDENS: £235,000 (Sold on 13 Sep 2024)
- The first recorded sale happened at this postcode is , 16 MAKENDON STREET: £46,750 (Sold on 05 Jan 1995)
Terraced
- The average price is around £82,667 median price is £80,000 Standard Deviation is £42,148 with Total Sold: 1,310
- The Last 5 Year average price is £113,886 with Total Sold: 201
- The most recent sale happened at this postcode is , 27 PARLIAMENT STREET: £70,000 (Sold on 03 Sep 2024)
- The first recorded sale happened at this postcode is , 25 CHURCH STREET: £23,000 (Sold on 13 Jan 1995)
Detached
- The average price is around £168,777 median price is £175,000 Standard Deviation is £64,196 with Total Sold: 259
- The Last 5 Year average price is £239,669 with Total Sold: 35
- The most recent sale happened at this postcode is , 107 THE CORNFIELDS: £285,000 (Sold on 22 Aug 2024)
- The first recorded sale happened at this postcode is , 70 MARINA VIEW: £68,000 (Sold on 31 Jan 1995)
Flat
- The average price is around £60,402 median price is £62,000 Standard Deviation is £29,299 with Total Sold: 867
- The Last 5 Year average price is £71,661 with Total Sold: 104
- The most recent sale happened at this postcode is , 15 TIDESPRING ROW: £99,950 (Sold on 08 Jul 2024)
- The first recorded sale happened at this postcode is , 57 HAZELMOOR: £25,000 (Sold on 31 Jan 1995)
Other
- The average price is around £215,319 median price is £65,000 Standard Deviation is £853,015 with Total Sold: 34
- The Last 5 Year average price is £292,597 with Total Sold: 21
- The most recent sale happened at this postcode is , 19 STATION ROAD: £72,000 (Sold on 02 Feb 2024)
- The first recorded sale happened at this postcode is , MARINA REST HOME CUTHBERT STREET: £460,000 (Sold on 30 Jun 2015)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£172,500		2
2023	£147,232	£2,040	17
2022	£153,430	£2,286	23
2021	£112,919	£1,682	19
2020	£114,944	£1,571	9
2019	£126,369	£1,792	16
2018	£152,592	£1,903	8
2017	£114,666	£1,462	31
2016	£118,510	£1,862	21
2015	£119,168	£1,736	23
2014	£118,051	£1,717	28
2013	£108,338	£1,558	12
2012	£121,025	£1,553	13
2011	£112,226	£1,429	11
2010	£117,500	£1,282	8
2009	£121,662	£1,321	16
2008	£122,325	£1,600	14
2007	£138,261	£1,724	35
2006	£121,240	£1,517	15
2005	£119,800	£1,630	16
2004	£109,885	£1,447	18
2003	£79,838	£1,106	16
2002	£59,103	£893	16
2001	£50,258	£594	18
2000	£53,319	£663	21
1999	£50,656	£612	9
1998	£50,135	£593	21
1997	£50,607	£728	7
1996	£48,233	£713	24
1995	£49,492	£721	19

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£118,484	£1,511	16
2023	£128,265	£1,722	26
2022	£120,010	£1,531	44
2021	£116,511	£1,523	43
2020	£104,686	£1,544	32
2019	£100,500	£1,331	40
2018	£92,192	£1,214	31
2017	£104,038	£1,322	33
2016	£97,572	£1,319	38
2015	£95,388	£1,284	34
2014	£91,628	£1,302	40
2013	£87,224	£1,297	31
2012	£105,810	£1,570	26
2011	£106,779	£1,371	23
2010	£128,207	£1,433	35
2009	£121,186	£1,735	46
2008	£116,113	£1,597	51
2007	£117,482	£1,512	72
2006	£105,683	£1,604	70
2005	£92,633	£1,281	52
2004	£69,613	£1,008	54
2003	£62,981	£907	74
2002	£44,860	£645	74
2001	£38,725	£621	55
2000	£38,549	£554	51
1999	£37,109	£566	49
1998	£36,298	£499	41
1997	£36,956	£584	39
1996	£36,723	£514	46
1995	£37,618	£567	44

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£259,000	£4,569	5
2023	£273,975	£2,812	2
2022	£278,596	£2,583	6
2021	£226,150	£2,155	10
2020	£203,000	£1,966	5
2019	£228,200	£2,044	7
2018	£198,468	£2,153	8
2017	£170,564	£1,875	6
2016	£187,859	£2,106	9
2015	£160,623	£1,712	12
2014	£153,142	£1,805	19
2013	£157,802	£1,791	11
2012	£191,047	£2,088	11
2011	£185,598	£1,767	10
2010	£193,648	£1,791	18
2009	£182,386	£1,944	10
2008	£209,478	£2,275	13
2007	£206,045	£2,049	14
2006	£218,569	£1,961	12
2005	£205,000	£1,926	3
2004	£163,967	£1,670	3
2003	£194,380	£1,416	5
2002	£100,400	£907	6
2001	£98,300	£1,000	8
2000	£85,667	£546	6
1999	£81,744	£770	8
1998	£74,188	£735	8
1997	£72,229	£720	12
1996	£72,624	£678	8
1995	£68,862	£873	4

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£78,133	£1,403	9
2023	£73,318	£1,215	20
2022	£79,107	£1,373	28
2021	£71,233	£1,225	18
2020	£57,357	£961	14
2019	£65,533	£1,039	15
2018	£68,082	£1,867	20
2017	£65,012	£1,113	20
2016	£69,100	£1,153	14
2015	£69,532	£1,200	30
2014	£63,346	£1,023	12
2013	£66,198	£1,071	33
2012	£67,062	£1,174	8
2011	£65,544	£1,192	13
2010	£69,925	£4,955	11
2009	£70,770	£5,205	12
2008	£109,123	£1,642	24
2007	£107,387	£1,800	69
2006	£81,243	£1,350	61
2005	£77,017	£1,225	51
2004	£66,482	£1,079	49
2003	£50,567	£836	57
2002	£33,675	£559	53
2001	£31,129	£534	39
2000	£28,794	£491	33
1999	£25,771	£420	34
1998	£28,469	£490	26
1997	£23,925	£405	22
1996	£29,038	£527	38
1995	£29,459	£510	34

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£72,000	£1,134	1
2023	£68,250	£1,130	2
2022	£60,875	£1,068	4
2021	£45,292	£394	4
2020	£68,162		4
2019	£873,121	£265	6
2018	£70,300	£1,177	5
2017	£70,454	£1,214	4
2016	£19,000	£529	2
2015	£252,500		2

House Type in NE31 1AR area

The most common house types in the NE31 1AR postcode area are Terraced (57), Detached (44), and Flat (34).

Total	158
Terraced	57
Detached	44
Flat	34
Semi-detached	19
commercial building	3
Shared house	1
converted building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (73), and Owned: Owns outright (27).

Owned: Owns with a mortgage or loan	73
Owned: Owns outright	27
Social rented: Other social rented	24
Private rented: Private landlord or letting agency	23
Social rented: Rents from council or Local Authority	8
Shared ownership: Shared ownership	3
Does not apply	0
Private rented: Other private rented	0
Lives rent free	0

Number of People in a Household

The most houses in the NE31 1AR have 1 person in household (47), and 2 people in household (38).

1 person in household	47
2 people in household	38
4 people in household	33
3 people in household	32
5 people in household	5
6 people in household	1
0 people in household	0
7 people in household	0
8 or more people in household	0