55, RICHMOND WAY, CRAMLINGTON, NE23 7XE - £500,000

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

55 RICHMOND WAY is a very large extended detached house of 269m², built sometime between 1976 and 1982. It was last sold for £500,000 in December 2018, which was around 96% above the average December 2018 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was C.

55 RICHMOND WAY Sold Prices

Land registry data shows three sales for 55 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 55 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
2018 14 DEC	£500,000	£255,260	96% above HPI
2005 20 MAY	£395,950	£225,601	76% above HPI
1998 21 MAY	£165,000	£88,908	86% above HPI

55 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 55 RICHMOND WAY sales between May 1998 and December 2018 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 May 2005 sale was for 76% above the HPI. So the extrapolation line tracks at 76% above the HPI over time, until the December 2018 sale, where it rises to 96% above the HPI. The line then continues to track at 96% above the HPI.

How Large is 55 RICHMOND WAY?

55 RICHMOND WAY is 269m², which includes four extensions, according to the EPC inspection conducted in September 2018. 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 55 RICHMOND WAY lies on this distribution: More than 99% of detached houses are smaller than 55 RICHMOND WAY, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

55 RICHMOND WAY: Plot and Title Map

55 RICHMOND WAY sits on a plot of roughly 0.194 of an acre, or 785m². The below map shows the location of 55 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 55 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 55 RICHMOND WAY?

55 RICHMOND WAY is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 55 on RICHMOND WAY.