18, METHVEN WAY, CRAMLINGTON, NE23 3XQ - £264,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

18 METHVEN WAY is a small detached house of 92m², built sometime between 1996 and 2002. It was last sold for £264,000 in October 2006, which was around 6% above the average October 2006 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2016, where the current energy rating was E, and the potential energy rating was B.

18 METHVEN WAY Sold Prices

Land registry data shows three sales for 18 METHVEN WAY 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. Two of the three 18 METHVEN WAY sales were for above the average price, whilst one was 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
2006 12 OCT	£264,000	£248,117	6% above HPI
2003 16 JUN	£110,000	£163,484	33% below HPI
1999 26 MAR	£98,200	£89,506	10% above HPI

18 METHVEN 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 three 18 METHVEN WAY sales between March 1999 and October 2006 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 June 2003 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the October 2006 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 18 METHVEN WAY?

18 METHVEN WAY is 92m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 30% of detached houses in Cramlington, based on EPC data. The below chart shows the distribution of detached houses by size in Cramlington, and where 18 METHVEN WAY lies on this distribution: 24% of detached houses are smaller than 18 METHVEN WAY, and 75% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

18 METHVEN WAY: Plot and Title Map

18 METHVEN WAY sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 18 METHVEN 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 18 METHVEN 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 18 METHVEN WAY?

18 METHVEN WAY is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 18 on METHVEN WAY.