2, LODSWORTH DRIVE, CRAMLINGTON, NE23 7XR - £265,000

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 LODSWORTH DRIVE is a small detached house of 100m², built sometime between 1996 and 2002, which could now be worth an estimated £357,638. It was last sold for £265,000 in May 2018, which was around 1% below the average May 2018 detached price in the Northumberland local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was B.

2 LODSWORTH DRIVE Sold Prices

Land registry data shows four sales for 2 LODSWORTH DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Most of the four 2 LODSWORTH DRIVE 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
2018 31 MAY	£265,000	£266,594	1% below HPI
2007 5 NOV	£238,000	£271,751	12% below HPI
2004 27 AUG	£210,000	£218,396	4% below HPI
2002 31 JAN	£126,995	£122,264	4% above HPI

2 LODSWORTH DRIVE 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 four 2 LODSWORTH DRIVE sales between January 2002 and May 2018 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 November 2007 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the May 2018 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 2 LODSWORTH DRIVE be worth now?

2 LODSWORTH DRIVE might now be worth an estimated £357,638.

This is based on house price inflation of 35%, between May 2018 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 35% inflationary increase is applied to the most recent sale price for 2 LODSWORTH DRIVE of £265,000 on 31st May 2018. For the value to have increased from £265,000 to £357,638 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 2 LODSWORTH DRIVE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The May 2018 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LODSWORTH DRIVE has not materially changed since May 2018.

How Large is 2 LODSWORTH DRIVE?

2 LODSWORTH DRIVE is 100m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 40% 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 LODSWORTH DRIVE lies on this distribution: 34% of detached houses houses are smaller than 2 LODSWORTH DRIVE, and 64% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

2 LODSWORTH DRIVE: Plot and Title Map

2 LODSWORTH DRIVE sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 2 LODSWORTH DRIVE, 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 LODSWORTH DRIVE). 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 LODSWORTH DRIVE?

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