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

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.

2 ELM CLOSE is a very large detached house of 169m², built sometime between 1996 and 2002, which could now be worth an estimated £439,487. It was last sold for £355,000 in November 2020, which was around 22% 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	£290,623	22% above HPI
2019 30 MAY	£315,000	£255,138	23% above HPI
1997 17 DEC	£109,700	£88,975	23% 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 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the November 2020 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 2 ELM CLOSE be worth now?

2 ELM CLOSE might now be worth an estimated £439,487.

This is based on house price inflation of 23.8%, between November 2020 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 23.8% inflationary increase is applied to the most recent sale price for 2 ELM CLOSE of £355,000 on 20th November 2020. For the value to have increased from £355,000 to £439,487 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 ELM CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The November 2020 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELM CLOSE has not materially changed since November 2020.

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 houses in Cramlington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cramlington, and where 2 ELM CLOSE lies on this distribution: 95% of detached houses 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.