5, MINTING PLACE, CRAMLINGTON, NE23 6AU - £225,000

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 MINTING PLACE is a very small extended semi-detached house of 68m², built sometime between 1976 and 1982. It was last sold for £225,000 in February 2023, which was around 30% below the average February 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

5 MINTING PLACE Sold Prices

Land registry data shows three sales for 5 MINTING PLACE 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 MINTING PLACE 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
2023 24 FEB	£225,000	£320,757	30% below HPI
2007 30 NOV	£170,000	£263,282	35% below HPI
1999 1 NOV	£46,500	£100,470	54% below HPI

5 MINTING PLACE 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 MINTING PLACE sales between November 1999 and February 2023 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 November 2007 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the February 2023 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 5 MINTING PLACE?

5 MINTING PLACE is 68m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 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 5 MINTING PLACE lies on this distribution: 3% of detached houses are smaller than 5 MINTING PLACE, and 97% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

5 MINTING PLACE: Plot and Title Map

5 MINTING PLACE sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 5 MINTING PLACE, 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 MINTING PLACE). 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 MINTING PLACE?

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