4, METHVEN WAY, CRAMLINGTON, NE23 3XQ - £76,500

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

4 METHVEN WAY is a small extended detached house of 91m², built sometime between 1996 and 2002. It was last sold for £76,500 in February 2001, which was around 26% below the average February 2001 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

4 METHVEN WAY Sold Prices

Land registry data shows two sales for 4 METHVEN 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 4 METHVEN WAY 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
2001 5 FEB	£76,500	£104,051	26% below HPI
1999 8 APR	£66,950	£90,776	26% below HPI

4 METHVEN 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 4 METHVEN WAY sales from April 1999 and February 2001 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 1999 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2001 sale, which was also at 26% below the HPI.

How Large is 4 METHVEN WAY?

4 METHVEN WAY is 91m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the smallest 30% of detached houses in Cramlington, based on EPC data. The below chart shows the distribution of detached houses by size in Cramlington, and where 4 METHVEN WAY lies on this distribution: 22% of detached houses are smaller than 4 METHVEN WAY, and 76% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

4 METHVEN WAY: Plot and Title Map

4 METHVEN WAY sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 4 METHVEN 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 4 METHVEN 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 4 METHVEN WAY?

4 METHVEN WAY is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 4 on METHVEN WAY.