16, THE CORNFIELDS, HEBBURN, NE31 1YH - £170,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

16 THE CORNFIELDS is a very small detached house of 83m², built sometime between 1991 and 1995. It was last sold for £170,000 in February 2010, which was around 22% below the average February 2010 detached price in the South Tyneside local authority area. The most recent EPC inspection was January 2010, where the current energy rating was D, and the potential energy rating was C.

16 THE CORNFIELDS Sold Prices

Land registry data shows three sales for 16 THE CORNFIELDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Tyneside local authority area for the corresponding sale date. All of the three 16 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
2010 12 FEB	£170,000	£217,649	22% below HPI
2001 14 DEC	£88,000	£112,021	21% below HPI
1995 20 FEB	£65,500	£78,011	16% below HPI

16 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 three 16 THE CORNFIELDS sales between February 1995 and February 2010 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 2001 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the February 2010 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 16 THE CORNFIELDS be worth now?

16 THE CORNFIELDS might now be worth an estimated £237,536.

This is based on house price inflation of 39.7%, between February 2010 and December 2024, 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 39.7% inflationary increase is applied to the most recent sale price for 16 THE CORNFIELDS of £170,000 on 12th February 2010. For the value to have increased from £170,000 to £237,536 over the thirteen years and two months to December 2024, the following assumptions must hold true:

• The value of 16 THE CORNFIELDS has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The February 2010 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 16 THE CORNFIELDS has not materially changed since February 2010.

How Large is 16 THE CORNFIELDS?

16 THE CORNFIELDS is 83m² according to the EPC inspection conducted in January 2010. This puts it in the smallest 20% of detached houses houses in Hebburn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hebburn, and where 16 THE CORNFIELDS lies on this distribution: 12% of detached houses houses are smaller than 16 THE CORNFIELDS, and 88% of houses are larger. Note that EPC data is not available for all properties in Hebburn.

16 THE CORNFIELDS: Plot and Title Map

16 THE CORNFIELDS sits on a plot of roughly 29.6 acres, or 119,902m². The below map shows the location of 16 THE CORNFIELDS, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 16 THE CORNFIELDS). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 16 THE CORNFIELDS?

16 THE CORNFIELDS is located in HEBBURN, in the NE31 postcode district. The below map shows the position of No. 16 on THE CORNFIELDS.