HALLBANK, NEWCASTLE ROAD, CORBRIDGE, NE45 5LN - £1,998,500

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.

HALLBANK is a very large extended detached house of 363m², built sometime between 1930 and 1949, which could now be worth an estimated £2,547,284. It was last sold for £1,998,500 in September 2018, which was around 631% above the average September 2018 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was C.

HALLBANK Sold Prices

Land registry data shows two sales for HALLBANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Both of the two HALLBANK 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
2018 12 SEP	£1,998,500	£273,265	631% above HPI
2008 30 MAY	£1,300,000	£271,813	378% above HPI

HALLBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Northumberland local authority area over time, sourced from the HPI. The two HALLBANK sales from May 2008 and September 2018 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 May 2008 sale was for 378% above the HPI. So the extrapolation line tracks at 378% above the HPI over time, until the September 2018 sale, where it rises to 631% above the HPI. The line then continues to track at 631% above the HPI.

What might HALLBANK be worth now?

HALLBANK might now be worth an estimated £2,547,284.

This is based on house price inflation of 27.5%, between September 2018 and June 2025, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.5% inflationary increase is applied to the most recent sale price for HALLBANK of £1,998,500 on 12th September 2018. For the value to have increased from £1,998,500 to £2,547,284 over the seven years and three months to June 2025, the following assumptions must hold true:

• The value of HALLBANK has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The September 2018 sale price of £1,998,500 represented a fair market value for the property.
• The size, condition, and specification of HALLBANK has not materially changed since September 2018.

How Large is HALLBANK?

HALLBANK is 363m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the largest 10% of detached houses houses in Corbridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Corbridge, and where HALLBANK lies on this distribution: 98% of detached houses houses are smaller than HALLBANK, and 2% of houses are larger. Note that EPC data is not available for all properties in Corbridge.

HALLBANK: Plot and Title Map

HALLBANK sits on a plot of roughly 1.000 of an acre, or 4,046m². The below map shows the location of HALLBANK, 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 HALLBANK). 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 HALLBANK?

HALLBANK is located on NEWCASTLE ROAD in CORBRIDGE, in the NE45 postcode district. The below map shows the position of HALLBANK on NEWCASTLE ROAD.