5, EGREMONT WAY, CRAMLINGTON, NE23 3GH - £270,000

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.

5 EGREMONT WAY is a large detached house of 128m², built sometime between 1996 and 2002, which could now be worth an estimated £384,830. It was last sold for £270,000 in April 2010, which was around 7% above the average April 2010 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2009, where the current energy rating was C, and the potential energy rating was C.

5 EGREMONT WAY Sold Prices

Land registry data shows four sales for 5 EGREMONT WAY 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 5 EGREMONT 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
2010 30 APR	£270,000	£252,431	7% above HPI
2006 7 APR	£250,000	£236,322	6% above HPI
2003 11 JUL	£240,000	£173,213	39% above HPI
1997 22 AUG	£102,000	£91,815	11% above HPI

5 EGREMONT 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 four 5 EGREMONT WAY sales between August 1997 and April 2010 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 2006 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the April 2010 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 5 EGREMONT WAY be worth now?

5 EGREMONT WAY might now be worth an estimated £384,830.

This is based on house price inflation of 42.5%, between April 2010 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 42.5% inflationary increase is applied to the most recent sale price for 5 EGREMONT WAY of £270,000 on 30th April 2010. For the value to have increased from £270,000 to £384,830 over the fifteen years and two months to February 2025, the following assumptions must hold true:

• The value of 5 EGREMONT WAY has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The April 2010 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 5 EGREMONT WAY has not materially changed since April 2010.

How Large is 5 EGREMONT WAY?

5 EGREMONT WAY is 128m² according to the EPC inspection conducted in October 2009. 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 5 EGREMONT WAY lies on this distribution: 73% of detached houses houses are smaller than 5 EGREMONT WAY, and 27% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

5 EGREMONT WAY: Plot and Title Map

5 EGREMONT WAY sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 5 EGREMONT 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 5 EGREMONT 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 5 EGREMONT WAY?

5 EGREMONT WAY is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 5 on EGREMONT WAY.