43, THE CORNFIELDS, HEBBURN, NE31 1YJ - £45,000

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.

43 THE CORNFIELDS is a small terraced house of 64m², built sometime between 1983 and 1990, which could now be worth an estimated £160,406. It was last sold for £45,000 in January 2001, which was around 6% above the average January 2001 terraced price in the South Tyneside local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

43 THE CORNFIELDS Sold Prices

Land registry data shows two sales for 43 THE CORNFIELDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the South Tyneside local authority area for the corresponding sale date. Both of the two 43 THE CORNFIELDS sales were for above 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
2001 12 JAN	£45,000	£42,590	6% above HPI
1997 20 JUN	£40,000	£37,113	8% above HPI

43 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 43 THE CORNFIELDS sales from June 1997 and January 2001 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 June 1997 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the January 2001 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 43 THE CORNFIELDS be worth now?

43 THE CORNFIELDS might now be worth an estimated £160,406.

This is based on house price inflation of 256.5%, between January 2001 and May 2026, for terraced 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 256.5% inflationary increase is applied to the most recent sale price for 43 THE CORNFIELDS of £45,000 on 12th January 2001. For the value to have increased from £45,000 to £160,406 over the 24 years and eight months to May 2026, the following assumptions must hold true:

• The value of 43 THE CORNFIELDS has moved in line with the HPI for terraced houses in the South Tyneside local authority area.
• The January 2001 sale price of £45,000 represented a fair market value for the property.
• The size, condition, and specification of 43 THE CORNFIELDS has not materially changed since January 2001.

How Large is 43 THE CORNFIELDS?

43 THE CORNFIELDS is 64m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 30% of terraced houses in Hebburn, based on EPC data. The below chart shows the distribution of terraced houses by size in Hebburn, and where 43 THE CORNFIELDS lies on this distribution: 27% of terraced houses are smaller than 43 THE CORNFIELDS, and 72% of terraced houses are larger. Note that EPC data is not available for all properties in Hebburn.

43 THE CORNFIELDS: Plot

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

Where is 43 THE CORNFIELDS?

43 THE CORNFIELDS is located in HEBBURN, in the NE31 postcode district. The below map shows the position of No. 43 on THE CORNFIELDS.