20, MORESBY ROAD, CRAMLINGTON, NE23 3XP - £192,000

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.

20 MORESBY ROAD is a very small extended detached house of 89m², built sometime between 1996 and 2002, which could now be worth an estimated £249,520. It was last sold for £192,000 in August 2020, which was around 31% below the average August 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

20 MORESBY ROAD Sold Prices

Land registry data shows four sales for 20 MORESBY ROAD 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. All of the four 20 MORESBY ROAD 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
2020 5 AUG	£192,000	£276,850	31% below HPI
2020 11 MAY	£200,000	£266,377	25% below HPI
2001 8 JUN	£87,000	£113,629	23% below HPI
1999 15 SEP	£77,500	£100,497	23% below HPI

20 MORESBY ROAD 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 20 MORESBY ROAD sales between September 1999 and August 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 2020 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2020 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 20 MORESBY ROAD be worth now?

20 MORESBY ROAD might now be worth an estimated £249,520.

This is based on house price inflation of 30%, between August 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 30% inflationary increase is applied to the most recent sale price for 20 MORESBY ROAD of £192,000 on 5th August 2020. For the value to have increased from £192,000 to £249,520 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 20 MORESBY ROAD has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The August 2020 sale price of £192,000 represented a fair market value for the property.
• The size, condition, and specification of 20 MORESBY ROAD has not materially changed since August 2020.

How Large is 20 MORESBY ROAD?

20 MORESBY ROAD is 89m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the smallest 20% 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 20 MORESBY ROAD lies on this distribution: 18% of detached houses houses are smaller than 20 MORESBY ROAD, and 79% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

20 MORESBY ROAD: Plot and Title Map

20 MORESBY ROAD sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 20 MORESBY ROAD, 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 20 MORESBY ROAD). 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 20 MORESBY ROAD?

20 MORESBY ROAD is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 20 on MORESBY ROAD.