24, LAMONBY WAY, CRAMLINGTON, NE23 7XW - £208,500

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.

24 LAMONBY WAY is a very small extended detached house of 80m², built sometime between 1996 and 2002, which could now be worth an estimated £294,172. It was last sold for £208,500 in March 2017, which was around 18% below the average March 2017 detached price in the Northumberland local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

24 LAMONBY WAY Sold Prices

Land registry data shows three sales for 24 LAMONBY 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. Two of the three 24 LAMONBY WAY sales were for below the average price, whilst one was 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
2017 1 MAR	£208,500	£255,007	18% below HPI
2008 12 SEP	£178,000	£255,919	30% below HPI
2002 22 NOV	£153,000	£146,991	4% above HPI

24 LAMONBY 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 24 LAMONBY WAY sales between November 2002 and March 2017 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 September 2008 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the March 2017 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 24 LAMONBY WAY be worth now?

24 LAMONBY WAY might now be worth an estimated £294,172.

This is based on house price inflation of 41.1%, between March 2017 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 41.1% inflationary increase is applied to the most recent sale price for 24 LAMONBY WAY of £208,500 on 1st March 2017. For the value to have increased from £208,500 to £294,172 over the eight years and one month to February 2025, the following assumptions must hold true:

• The value of 24 LAMONBY WAY has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The March 2017 sale price of £208,500 represented a fair market value for the property.
• The size, condition, and specification of 24 LAMONBY WAY has not materially changed since March 2017.

How Large is 24 LAMONBY WAY?

24 LAMONBY WAY is 80m², which includes two extensions, according to the EPC inspection conducted in November 2016. This puts it in the smallest 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 24 LAMONBY WAY lies on this distribution: 8% of detached houses houses are smaller than 24 LAMONBY WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

24 LAMONBY WAY: Plot and Title Map

24 LAMONBY WAY sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 24 LAMONBY 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 24 LAMONBY 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 24 LAMONBY WAY?

24 LAMONBY WAY is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 24 on LAMONBY WAY.