25, OTLEY CLOSE, CRAMLINGTON, NE23 2YP - £75,000

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

25 OTLEY CLOSE is a very small detached house of 54m², built sometime between 1967 and 1975. It was last sold for £75,000 in April 2011, which was around 68% below the average April 2011 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

25 OTLEY CLOSE Sold Prices

Land registry data shows three sales for 25 OTLEY 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 25 OTLEY CLOSE 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
2011 1 APR	£75,000	£237,428	68% below HPI
2006 5 MAY	£89,500	£235,320	62% below HPI
1997 2 MAY	£28,000	£86,637	68% below HPI

25 OTLEY 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 25 OTLEY CLOSE sales between May 1997 and April 2011 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 2006 sale was for 62% below the HPI. So the extrapolation line tracks at 62% below the HPI over time, until the April 2011 sale, where it falls to 68% below the HPI. The line then continues to track at 68% below the HPI.

How Large is 25 OTLEY CLOSE?

25 OTLEY CLOSE is 54m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 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 25 OTLEY CLOSE lies on this distribution: 1% of detached houses are smaller than 25 OTLEY CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

25 OTLEY CLOSE: Plot and Title Map

25 OTLEY CLOSE sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 25 OTLEY 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 25 OTLEY 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 25 OTLEY CLOSE?

25 OTLEY CLOSE is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 25 on OTLEY CLOSE.