3, ELM CLOSE, CRAMLINGTON, NE23 3HY - £322,500

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.

3 ELM CLOSE is a large detached house of 133m², built sometime between 1996 and 2002, which could now be worth an estimated £436,012. It was last sold for £322,500 in November 2018, which was around 21% above the average November 2018 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was B.

3 ELM CLOSE Sold Prices

Land registry data shows four sales for 3 ELM CLOSE 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 3 ELM 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
2018 29 NOV	£322,500	£266,121	21% above HPI
2012 31 AUG	£250,000	£240,270	4% above HPI
2003 6 JUN	£225,000	£168,743	33% above HPI
1998 23 JAN	£99,650	£88,713	12% above HPI

3 ELM 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 four 3 ELM CLOSE sales between January 1998 and November 2018 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 August 2012 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the November 2018 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 3 ELM CLOSE be worth now?

3 ELM CLOSE might now be worth an estimated £436,012.

This is based on house price inflation of 35.2%, between November 2018 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 35.2% inflationary increase is applied to the most recent sale price for 3 ELM CLOSE of £322,500 on 29th November 2018. For the value to have increased from £322,500 to £436,012 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 ELM CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The November 2018 sale price of £322,500 represented a fair market value for the property.
• The size, condition, and specification of 3 ELM CLOSE has not materially changed since November 2018.

How Large is 3 ELM CLOSE?

3 ELM CLOSE is 133m² according to the EPC inspection conducted in October 2018. This puts it in the largest 30% 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 3 ELM CLOSE lies on this distribution: 80% of detached houses houses are smaller than 3 ELM CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

3 ELM CLOSE: Plot and Title Map

3 ELM CLOSE sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of 3 ELM 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 3 ELM 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 3 ELM CLOSE?

3 ELM CLOSE is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 3 on ELM CLOSE.