1, HANOVER PLACE, CRAMLINGTON, NE23 3QX - £225,000

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 HANOVER PLACE is a midsized extended detached house of 112m², built sometime between 1991 and 1995. It was last sold for £225,000 in May 2020, which was around 13% below the average May 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2011, where the current energy rating was C, and the potential energy rating was C.

1 HANOVER PLACE Sold Prices

Land registry data shows three sales for 1 HANOVER PLACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the three 1 HANOVER PLACE 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
2020 15 MAY	£225,000	£258,075	13% below HPI
2006 30 MAR	£197,000	£230,579	15% below HPI
2000 1 DEC	£85,000	£102,267	17% below HPI

1 HANOVER PLACE 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 three 1 HANOVER PLACE sales between December 2000 and May 2020 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 March 2006 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2020 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 1 HANOVER PLACE?

1 HANOVER PLACE is 112m², which includes two extensions, according to the EPC inspection conducted in June 2011. This puts it in the smallest 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 HANOVER PLACE lies on this distribution: 48% of detached houses are smaller than 1 HANOVER PLACE, and 52% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

1 HANOVER PLACE: Plot and Title Map

1 HANOVER PLACE sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 1 HANOVER PLACE, 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 HANOVER PLACE). 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 HANOVER PLACE?

1 HANOVER PLACE is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 1 on HANOVER PLACE.