27, RICHMOND WAY, CRAMLINGTON, NE23 7XE - £414,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

27 RICHMOND WAY is a very large extended detached house of 237m², built sometime between 1976 and 1982. It was last sold for £414,000 in July 2016, which was around 66% above the average July 2016 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2009, where the current energy rating was F, and the potential energy rating was D.

27 RICHMOND WAY Sold Prices

Land registry data shows two sales for 27 RICHMOND WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Both of the two 27 RICHMOND WAY 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
2016 1 JUL	£414,000	£248,789	66% above HPI
2012 9 JAN	£300,000	£221,635	35% above HPI

27 RICHMOND 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 two 27 RICHMOND WAY sales from January 2012 and July 2016 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 January 2012 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the July 2016 sale, where it rises to 66% above the HPI. The line then continues to track at 66% above the HPI.

How Large is 27 RICHMOND WAY?

27 RICHMOND WAY is 237m², which includes two extensions, according to the EPC inspection conducted in March 2009. This puts it in the largest 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 27 RICHMOND WAY lies on this distribution: More than 99% of detached houses are smaller than 27 RICHMOND WAY, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

27 RICHMOND WAY: Plot and Title Map

27 RICHMOND WAY sits on a plot of roughly 0.176 of an acre, or 713m². The below map shows the location of 27 RICHMOND 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 27 RICHMOND 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 27 RICHMOND WAY?

27 RICHMOND WAY is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 27 on RICHMOND WAY.