15, HALKIRK WAY, CRAMLINGTON, NE23 3FZ - £228,000

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.

15 HALKIRK WAY is a small extended detached house of 98m², built sometime between 1983 and 1990, which could now be worth an estimated £313,878. It was last sold for £228,000 in February 2019, which was around 13% below the average February 2019 detached price in the Northumberland local authority area. The most recent EPC inspection was December 2011, where the current energy rating was D, and the potential energy rating was D.

15 HALKIRK WAY Sold Prices

Land registry data shows five sales for 15 HALKIRK WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the five 15 HALKIRK 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
2019 28 FEB	£228,000	£261,350	13% below HPI
2012 23 NOV	£193,500	£239,194	19% below HPI
2002 3 JUL	£123,000	£134,527	9% below HPI
1998 23 FEB	£78,000	£87,485	11% below HPI
1996 27 SEP	£78,000	£88,453	12% below HPI

15 HALKIRK 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 five 15 HALKIRK WAY sales between September 1996 and February 2019 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 November 2012 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the February 2019 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 15 HALKIRK WAY be worth now?

15 HALKIRK WAY might now be worth an estimated £313,878.

This is based on house price inflation of 37.7%, between February 2019 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 37.7% inflationary increase is applied to the most recent sale price for 15 HALKIRK WAY of £228,000 on 28th February 2019. For the value to have increased from £228,000 to £313,878 over the six years to February 2025, the following assumptions must hold true:

• The value of 15 HALKIRK WAY has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The February 2019 sale price of £228,000 represented a fair market value for the property.
• The size, condition, and specification of 15 HALKIRK WAY has not materially changed since February 2019.

How Large is 15 HALKIRK WAY?

15 HALKIRK WAY is 98m², which includes two extensions, according to the EPC inspection conducted in December 2011. This puts it in the smallest 40% 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 15 HALKIRK WAY lies on this distribution: 33% of detached houses houses are smaller than 15 HALKIRK WAY, and 67% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

15 HALKIRK WAY: Plot and Title Map

15 HALKIRK WAY sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 15 HALKIRK 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 15 HALKIRK 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 15 HALKIRK WAY?

15 HALKIRK WAY is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 15 on HALKIRK WAY.