2, ALBION WAY, SHANKHOUSE, CRAMLINGTON, NE23 3GE - £265,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

2 ALBION WAY is a large detached house of 126m², built sometime between 1991 and 1995. It was last sold for £265,000 in September 2024, which was around 24% below the average September 2024 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was C.

2 ALBION WAY Sold Prices

Land registry data shows three sales for 2 ALBION 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. All of the three 2 ALBION 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
2024 5 SEP	£265,000	£348,114	24% below HPI
2020 17 AUG	£248,000	£268,221	8% below HPI
1995 3 NOV	£75,000	£79,037	5% below HPI

2 ALBION 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 2 ALBION WAY sales between November 1995 and September 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 August 2020 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the September 2024 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 2 ALBION WAY?

2 ALBION WAY is 126m² according to the EPC inspection conducted in March 2020. This puts it in the largest 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 2 ALBION WAY lies on this distribution: 69% of detached houses are smaller than 2 ALBION WAY, and 30% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

2 ALBION WAY: Plot and Title Map

2 ALBION WAY sits on a plot of roughly 0.155 of an acre, or 629m². The below map shows the location of 2 ALBION 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 2 ALBION 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 2 ALBION WAY?

2 ALBION WAY is located in SHANKHOUSE, in the NE23 postcode district. The below map shows the position of No. 2 on ALBION WAY.