5, KELSEY WAY, CRAMLINGTON, NE23 3QD - £345,000

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

5 KELSEY WAY is a very large detached house of 141m², built sometime between 1996 and 2002. It was last sold for £345,000 in December 2020, which was around 21% above the average December 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was C.

5 KELSEY WAY Sold Prices

Land registry data shows three sales for 5 KELSEY 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 5 KELSEY 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
2020 11 DEC	£345,000	£284,772	21% above HPI
2002 9 AUG	£178,000	£134,088	33% above HPI
1999 23 JUL	£118,000	£98,026	20% above HPI

5 KELSEY 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 5 KELSEY WAY sales between July 1999 and December 2020 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 August 2002 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the December 2020 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is 5 KELSEY WAY?

5 KELSEY WAY is 141m² according to the EPC inspection conducted in February 2020. This puts it in the largest 20% of detached houses in Cramlington, based on EPC data. The below chart shows the distribution of detached houses by size in Cramlington, and where 5 KELSEY WAY lies on this distribution: 83% of detached houses are smaller than 5 KELSEY WAY, and 16% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

5 KELSEY WAY: Plot and Title Map

5 KELSEY WAY sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 5 KELSEY 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 KELSEY 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 KELSEY WAY?

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