27, TAVERN CLOSE, CRAMLINGTON, NE23 8AR - £315,000

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 TAVERN CLOSE is a midsized detached house of 108m². It was last sold for £315,000 in April 2022, which was around 5% above the average April 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was November 2015, where the current energy rating was B, and the potential energy rating was A.

27 TAVERN CLOSE Sold Prices

Land registry data shows three sales for 27 TAVERN 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 27 TAVERN CLOSE 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
2022 14 APR	£315,000	£299,246	5% above HPI
2019 27 SEP	£263,500	£260,720	1% above HPI
2016 6 MAY	£256,995	£242,024	6% above HPI

27 TAVERN 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 27 TAVERN CLOSE sales between May 2016 and April 2022 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 2019 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the April 2022 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is 27 TAVERN CLOSE?

27 TAVERN CLOSE is 108m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 50% 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 TAVERN CLOSE lies on this distribution: 42% of detached houses are smaller than 27 TAVERN CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

27 TAVERN CLOSE: Plot and Title Map

27 TAVERN CLOSE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 27 TAVERN 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 27 TAVERN 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 27 TAVERN CLOSE?

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