3, SCHOOL CLOSE, CRAMLINGTON, NE23 1DQ - £300,000

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

3 SCHOOL CLOSE is a midsized detached house of 107m². It was last sold for £300,000 in August 2022, which was around 6% below the average August 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2015, where the current energy rating was B, and the potential energy rating was A.

3 SCHOOL CLOSE Sold Prices

Land registry data shows two sales for 3 SCHOOL CLOSE 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 3 SCHOOL 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
2022 19 AUG	£300,000	£317,779	6% below HPI
2016 8 APR	£239,995	£242,775	1% below HPI

3 SCHOOL 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 two 3 SCHOOL CLOSE sales from April 2016 and August 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 April 2016 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2022 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 3 SCHOOL CLOSE?

3 SCHOOL CLOSE is 107m² according to the EPC inspection conducted in August 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 3 SCHOOL CLOSE lies on this distribution: 40% of detached houses are smaller than 3 SCHOOL CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

3 SCHOOL CLOSE: Plot and Title Map

3 SCHOOL CLOSE sits on a plot of roughly 0.061 of an acre, or 249m². The below map shows the location of 3 SCHOOL 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 SCHOOL 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 SCHOOL CLOSE?

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