49, RICHMOND WAY, CRAMLINGTON, NE23 7XE - £390,000

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

49 RICHMOND WAY is a very large extended detached house of 230m², built sometime between 1967 and 1975. It was last sold for £390,000 in March 2013, which was around 78% above the average March 2013 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was C.

49 RICHMOND WAY Sold Prices

Land registry data shows three sales for 49 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 49 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
2013 20 MAR	£390,000	£219,073	78% above HPI
2005 2 SEP	£347,500	£231,316	50% above HPI
2001 12 APR	£169,000	£104,000	62% above HPI

49 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 49 RICHMOND WAY sales between April 2001 and March 2013 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 2005 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the March 2013 sale, where it rises to 78% above the HPI. The line then continues to track at 78% above the HPI.

How Large is 49 RICHMOND WAY?

49 RICHMOND WAY is 230m², which includes three extensions, according to the EPC inspection conducted in June 2012. This puts it in the largest 10% of detached houses in Cramlington, based on EPC data. The below chart shows the distribution of detached houses by size in Cramlington, and where 49 RICHMOND WAY lies on this distribution: 99% of detached houses are smaller than 49 RICHMOND WAY, and 1% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

49 RICHMOND WAY: Plot and Title Map

49 RICHMOND WAY sits on a plot of roughly 0.192 of an acre, or 776m². The below map shows the location of 49 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 49 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 49 RICHMOND WAY?

49 RICHMOND WAY is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 49 on RICHMOND WAY.