16, LANERCOST PARK, CRAMLINGTON, NE23 6RU - £190,000

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.

16 LANERCOST PARK is a very small extended detached house of 87m², built sometime between 1976 and 1982, which could now be worth an estimated £199,613. It was last sold for £190,000 in August 2024, which was around 45% below the average August 2024 detached price in the Northumberland local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

16 LANERCOST PARK Sold Prices

Land registry data shows three sales for 16 LANERCOST PARK 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 16 LANERCOST PARK 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 16 AUG	£190,000	£342,463	45% below HPI
2020 17 JAN	£141,000	£261,519	46% below HPI
2015 29 JUL	£120,000	£248,260	52% below HPI

16 LANERCOST PARK 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 16 LANERCOST PARK sales between July 2015 and August 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 January 2020 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the August 2024 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 16 LANERCOST PARK be worth now?

16 LANERCOST PARK might now be worth an estimated £199,613.

This is based on house price inflation of 5.1%, between August 2024 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 5.1% inflationary increase is applied to the most recent sale price for 16 LANERCOST PARK of £190,000 on 16th August 2024. For the value to have increased from £190,000 to £199,613 over the one year and six months to February 2025, the following assumptions must hold true:

• The value of 16 LANERCOST PARK has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The August 2024 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 16 LANERCOST PARK has not materially changed since August 2024.

How Large is 16 LANERCOST PARK?

16 LANERCOST PARK is 87m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 20% 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 16 LANERCOST PARK lies on this distribution: 15% of detached houses houses are smaller than 16 LANERCOST PARK, and 83% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

16 LANERCOST PARK: Plot and Title Map

16 LANERCOST PARK sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 16 LANERCOST PARK, 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 16 LANERCOST PARK). 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 16 LANERCOST PARK?

16 LANERCOST PARK is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 16 on LANERCOST PARK.