52, THE CORNFIELDS, HEBBURN, NE31 1YH - £192,000

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.

52 THE CORNFIELDS is a large extended detached house of 114m², built sometime between 1991 and 1995, which could now be worth an estimated £287,070. It was last sold for £192,000 in October 2012, which was around 8% below the average October 2012 detached price in the South Tyneside local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was C.

52 THE CORNFIELDS Sold Prices

Land registry data shows five sales for 52 THE CORNFIELDS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Tyneside local authority area for the corresponding sale date. The five 52 THE CORNFIELDS sales were a mix of below the average price, roughly equal to the average price, and 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
2012 30 OCT	£192,000	£207,810	8% below HPI
2010 24 SEP	£192,000	£219,694	13% below HPI
2007 9 MAR	£238,000	£229,574	4% above HPI
2006 23 JUN	£224,000	£225,060	Close to HPI
2002 30 APR	£124,950	£117,960	6% above HPI

52 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 52 THE CORNFIELDS sales between April 2002 and October 2012 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 September 2010 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2012 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 52 THE CORNFIELDS be worth now?

52 THE CORNFIELDS might now be worth an estimated £287,070.

This is based on house price inflation of 49.5%, between October 2012 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 49.5% inflationary increase is applied to the most recent sale price for 52 THE CORNFIELDS of £192,000 on 30th October 2012. For the value to have increased from £192,000 to £287,070 over the fourteen years and five months to May 2026, the following assumptions must hold true:

• The value of 52 THE CORNFIELDS has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The October 2012 sale price of £192,000 represented a fair market value for the property.
• The size, condition, and specification of 52 THE CORNFIELDS has not materially changed since October 2012.

How Large is 52 THE CORNFIELDS?

52 THE CORNFIELDS is 114m², which includes one extension, according to the EPC inspection conducted in July 2012. 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 52 THE CORNFIELDS lies on this distribution: 60% of detached houses are smaller than 52 THE CORNFIELDS, and 34% of detached houses are larger. Note that EPC data is not available for all properties in Hebburn.

52 THE CORNFIELDS: Plot

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

Where is 52 THE CORNFIELDS?

52 THE CORNFIELDS is located in HEBBURN, in the NE31 postcode district. The below map shows the position of No. 52 on THE CORNFIELDS.