2, ELM CLOSE, CRAMLINGTON, NE23 3HY - £355,000

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

2 ELM CLOSE is a very large detached house of 169m², built sometime between 1996 and 2002. It was last sold for £355,000 in November 2020, which was around 26% above the average November 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was C.

2 ELM CLOSE Sold Prices

Land registry data shows three sales for 2 ELM CLOSE 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 ELM CLOSE 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
2020 20 NOV	£355,000	£281,565	26% above HPI
2019 30 MAY	£315,000	£247,186	27% above HPI
1997 17 DEC	£109,700	£86,202	27% above HPI

2 ELM CLOSE 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 ELM CLOSE sales between December 1997 and November 2020 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 May 2019 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the November 2020 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 2 ELM CLOSE?

2 ELM CLOSE is 169m² according to the EPC inspection conducted in February 2012. This puts it in the largest 10% 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 ELM CLOSE lies on this distribution: 95% of detached houses are smaller than 2 ELM CLOSE, and 5% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

2 ELM CLOSE: Plot and Title Map

2 ELM CLOSE sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 2 ELM CLOSE, 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 ELM CLOSE). 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 ELM CLOSE?

2 ELM CLOSE is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 2 on ELM CLOSE.