121, THE CORNFIELDS, HEBBURN, NE31 1YJ - £260,000

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.

121 THE CORNFIELDS is a large extended detached house of 114m², built sometime between 1991 and 1995, which could now be worth an estimated £312,849. It was last sold for £260,000 in May 2021, which was around 1% above the average May 2021 detached price in the South Tyneside local authority area. The most recent EPC inspection was February 2021, where the current energy rating was C, and the potential energy rating was B.

121 THE CORNFIELDS Sold Prices

Land registry data shows two sales for 121 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. One of the two 121 THE CORNFIELDS sales was for above the average price, whilst the other was 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
2021 7 MAY	£260,000	£258,221	1% above HPI
1999 26 MAR	£84,500	£91,766	8% below HPI

121 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 121 THE CORNFIELDS sales from March 1999 and May 2021 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 March 1999 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the May 2021 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 121 THE CORNFIELDS be worth now?

121 THE CORNFIELDS might now be worth an estimated £312,849.

This is based on house price inflation of 20.3%, between May 2021 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 20.3% inflationary increase is applied to the most recent sale price for 121 THE CORNFIELDS of £260,000 on 7th May 2021. For the value to have increased from £260,000 to £312,849 over the five years to May 2026, the following assumptions must hold true:

• The value of 121 THE CORNFIELDS has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The May 2021 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 121 THE CORNFIELDS has not materially changed since May 2021.

How Large is 121 THE CORNFIELDS?

121 THE CORNFIELDS is 114m², which includes one extension, according to the EPC inspection conducted in February 2021. This puts it in the largest 40% of detached houses in Hebburn, based on EPC data. The below chart shows the distribution of detached houses by size in Hebburn, and where 121 THE CORNFIELDS lies on this distribution: 60% of detached houses are smaller than 121 THE CORNFIELDS, and 34% of detached houses are larger. Note that EPC data is not available for all properties in Hebburn.

121 THE CORNFIELDS: Plot

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

Where is 121 THE CORNFIELDS?

121 THE CORNFIELDS is located in HEBBURN, in the NE31 postcode district. The below map shows the position of No. 121 on THE CORNFIELDS.