48, RICHMOND WAY, CRAMLINGTON, NE23 7XE - £350,000

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.

48 RICHMOND WAY is a midsized detached house of 113m², built sometime between 1976 and 1982, which could now be worth an estimated £487,763. It was last sold for £350,000 in June 2017, which was around 36% above the average June 2017 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2017, where the current energy rating was E, and the potential energy rating was B.

48 RICHMOND WAY Sold Prices

Land registry data shows three sales for 48 RICHMOND WAY 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 48 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
2017 16 JUN	£350,000	£258,171	36% above HPI
2003 9 DEC	£289,000	£192,782	50% above HPI
2003 15 AUG	£265,000	£180,005	47% above HPI

48 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 three 48 RICHMOND WAY sales between August 2003 and June 2017 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 December 2003 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the June 2017 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might 48 RICHMOND WAY be worth now?

48 RICHMOND WAY might now be worth an estimated £487,763.

This is based on house price inflation of 39.4%, between June 2017 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 39.4% inflationary increase is applied to the most recent sale price for 48 RICHMOND WAY of £350,000 on 16th June 2017. For the value to have increased from £350,000 to £487,763 over the eight years and four months to February 2025, the following assumptions must hold true:

• The value of 48 RICHMOND WAY has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The June 2017 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 48 RICHMOND WAY has not materially changed since June 2017.

How Large is 48 RICHMOND WAY?

48 RICHMOND WAY is 113m² according to the EPC inspection conducted in March 2017. This puts it in the largest 50% 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 48 RICHMOND WAY lies on this distribution: 52% of detached houses houses are smaller than 48 RICHMOND WAY, and 47% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

48 RICHMOND WAY: Plot and Title Map

48 RICHMOND WAY sits on a plot of roughly 0.176 of an acre, or 714m². The below map shows the location of 48 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 48 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 48 RICHMOND WAY?

48 RICHMOND WAY is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 48 on RICHMOND WAY.