13, RICHMOND WAY, CRAMLINGTON, NE23 7XE - £270,000

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.

13 RICHMOND WAY is a large extended detached house of 131m², built sometime between 1967 and 1975, which could now be worth an estimated £411,925. It was last sold for £270,000 in July 2012, which was around 14% above the average July 2012 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was C.

13 RICHMOND WAY Sold Prices

Land registry data shows two sales for 13 RICHMOND 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 13 RICHMOND WAY 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
2012 6 JUL	£270,000	£235,827	14% above HPI
2007 19 APR	£335,000	£254,445	32% above HPI

13 RICHMOND 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 13 RICHMOND WAY sales from April 2007 and July 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 April 2007 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the July 2012 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 13 RICHMOND WAY be worth now?

13 RICHMOND WAY might now be worth an estimated £411,925.

This is based on house price inflation of 52.6%, between July 2012 and February 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 52.6% inflationary increase is applied to the most recent sale price for 13 RICHMOND WAY of £270,000 on 6th July 2012. For the value to have increased from £270,000 to £411,925 over the thirteen years and five months to February 2025, the following assumptions must hold true:

• The value of 13 RICHMOND WAY has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The July 2012 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 13 RICHMOND WAY has not materially changed since July 2012.

How Large is 13 RICHMOND WAY?

13 RICHMOND WAY is 131m², which includes one extension, according to the EPC inspection conducted in April 2010. This puts it in the largest 30% of detached houses houses in Cramlington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cramlington, and where 13 RICHMOND WAY lies on this distribution: 75% of detached houses houses are smaller than 13 RICHMOND WAY, and 25% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

13 RICHMOND WAY: Plot and Title Map

13 RICHMOND WAY sits on a plot of roughly 0.169 of an acre, or 683m². The below map shows the location of 13 RICHMOND 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 13 RICHMOND 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 13 RICHMOND WAY?

13 RICHMOND WAY is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 13 on RICHMOND WAY.