23, THE CORNFIELDS, HEBBURN, NE31 1YJ - £134,995

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.

23 THE CORNFIELDS is a small extended terraced house of 62m², built sometime between 1983 and 1990, which could now be worth an estimated £148,191. It was last sold for £134,995 in July 2023, which was around 2% below the average July 2023 terraced price in the South Tyneside local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

23 THE CORNFIELDS Sold Prices

Land registry data shows five sales for 23 THE CORNFIELDS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the South Tyneside local authority area for the corresponding sale date. Most of the five 23 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
2023 13 JUL	£134,995	£138,296	2% below HPI
2020 15 JAN	£100,000	£114,030	12% below HPI
2019 4 SEP	£4,900	£115,879	96% below HPI
2008 19 DEC	£90,000	£101,255	11% below HPI
1997 27 JUN	£39,950	£37,113	8% above HPI

23 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 five 23 THE CORNFIELDS sales between June 1997 and July 2023 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 January 2020 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the July 2023 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 23 THE CORNFIELDS be worth now?

23 THE CORNFIELDS might now be worth an estimated £148,191.

This is based on house price inflation of 9.8%, between July 2023 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 9.8% inflationary increase is applied to the most recent sale price for 23 THE CORNFIELDS of £134,995 on 13th July 2023. For the value to have increased from £134,995 to £148,191 over the three years and two months to May 2026, the following assumptions must hold true:

• The value of 23 THE CORNFIELDS has moved in line with the HPI for terraced houses in the South Tyneside local authority area.
• The July 2023 sale price of £134,995 represented a fair market value for the property.
• The size, condition, and specification of 23 THE CORNFIELDS has not materially changed since July 2023.

How Large is 23 THE CORNFIELDS?

23 THE CORNFIELDS is 62m², which includes one extension, according to the EPC inspection conducted in March 2023. 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 23 THE CORNFIELDS lies on this distribution: 21% of terraced houses are smaller than 23 THE CORNFIELDS, and 77% of terraced houses are larger. Note that EPC data is not available for all properties in Hebburn.

23 THE CORNFIELDS: Plot

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

Where is 23 THE CORNFIELDS?

23 THE CORNFIELDS is located in HEBBURN, in the NE31 postcode district. The below map shows the position of No. 23 on THE CORNFIELDS.