1, FAIRHAVEN WAY, THE FAIRWAYS, CRAMLINGTON, NE23 8BS - £286,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 FAIRHAVEN WAY is a midsized detached house of 112m². It was last sold for £286,000 in January 2024, which was around 13% below the average January 2024 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2020, where the current energy rating was B, and the potential energy rating was B.

1 FAIRHAVEN WAY Sold Prices

Land registry data shows two sales for 1 FAIRHAVEN WAY 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 1 FAIRHAVEN WAY 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
2024 26 JAN	£286,000	£328,895	13% below HPI
2020 23 OCT	£271,950	£279,307	3% below HPI

1 FAIRHAVEN WAY 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 1 FAIRHAVEN WAY sales from October 2020 and January 2024 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 October 2020 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the January 2024 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 1 FAIRHAVEN WAY?

1 FAIRHAVEN WAY is 112m² according to the EPC inspection conducted in August 2020. This puts it in the largest 50% of detached houses in Cramlington, based on EPC data. The below chart shows the distribution of detached houses by size in Cramlington, and where 1 FAIRHAVEN WAY lies on this distribution: 48% of detached houses are smaller than 1 FAIRHAVEN WAY, and 49% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

1 FAIRHAVEN WAY: Plot and Title Map

1 FAIRHAVEN WAY sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 1 FAIRHAVEN WAY, 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 1 FAIRHAVEN WAY). 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 1 FAIRHAVEN WAY?

1 FAIRHAVEN WAY is located in THE FAIRWAYS, in the NE23 postcode district. The below map shows the position of No. 1 on FAIRHAVEN WAY.