113, THE CORNFIELDS, HEBBURN, NE31 1YJ - £175,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

113 THE CORNFIELDS is a midsized detached house of 112m², built sometime between 1996 and 2002, which could now be worth an estimated £258,725. It was last sold for £175,000 in May 2011, which was around 17% below the average May 2011 detached price in the South Tyneside local authority area. The most recent EPC inspection was January 2011, where the current energy rating was E, and the potential energy rating was C.

113 THE CORNFIELDS Sold Prices

Land registry data shows two sales for 113 THE CORNFIELDS 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 113 THE CORNFIELDS 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
2011 9 MAY	£175,000	£210,161	17% below HPI
2010 17 DEC	£140,000	£212,301	34% below HPI

113 THE CORNFIELDS 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 113 THE CORNFIELDS sales from December 2010 and May 2011 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 December 2010 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the May 2011 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 113 THE CORNFIELDS be worth now?

113 THE CORNFIELDS might now be worth an estimated £258,725.

This is based on house price inflation of 47.8%, between May 2011 and May 2026, 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 47.8% inflationary increase is applied to the most recent sale price for 113 THE CORNFIELDS of £175,000 on 9th May 2011. For the value to have increased from £175,000 to £258,725 over the fifteen years to May 2026, the following assumptions must hold true:

• The value of 113 THE CORNFIELDS has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The May 2011 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 113 THE CORNFIELDS has not materially changed since May 2011.

How Large is 113 THE CORNFIELDS?

113 THE CORNFIELDS is 112m² according to the EPC inspection conducted in January 2011. This puts it in the largest 50% of detached houses in Hebburn, based on EPC data. The below chart shows the distribution of detached houses by size in Hebburn, and where 113 THE CORNFIELDS lies on this distribution: 53% of detached houses are smaller than 113 THE CORNFIELDS, and 41% of detached houses are larger. Note that EPC data is not available for all properties in Hebburn.

113 THE CORNFIELDS: Plot

113 THE CORNFIELDS sits on a plot of roughly 29.6 acres, or 119,902m².

Where is 113 THE CORNFIELDS?

113 THE CORNFIELDS is located in HEBBURN, in the NE31 postcode district. The below map shows the position of No. 113 on THE CORNFIELDS.