6, PARKHAM CLOSE, CRAMLINGTON, NE23 3TQ - £217,000

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.

6 PARKHAM CLOSE is a small detached house of 103m², built sometime between 1983 and 1990, which could now be worth an estimated £352,239. It was last sold for £217,000 in February 2005, which was around 2% below the average February 2005 detached price in the Northumberland local authority area. The most recent EPC inspection was November 2008, where the current energy rating was E, and the potential energy rating was D.

6 PARKHAM CLOSE Sold Prices

Land registry data shows two sales for 6 PARKHAM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Both of the two 6 PARKHAM CLOSE 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
2005 25 FEB	£217,000	£221,651	2% below HPI
1997 25 JUL	£80,000	£91,037	12% below HPI

6 PARKHAM CLOSE 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 two 6 PARKHAM CLOSE sales from July 1997 and February 2005 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 July 1997 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the February 2005 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 6 PARKHAM CLOSE be worth now?

6 PARKHAM CLOSE might now be worth an estimated £352,239.

This is based on house price inflation of 62.3%, between February 2005 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 62.3% inflationary increase is applied to the most recent sale price for 6 PARKHAM CLOSE of £217,000 on 25th February 2005. For the value to have increased from £217,000 to £352,239 over the twenty years to February 2025, the following assumptions must hold true:

• The value of 6 PARKHAM CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The February 2005 sale price of £217,000 represented a fair market value for the property.
• The size, condition, and specification of 6 PARKHAM CLOSE has not materially changed since February 2005.

How Large is 6 PARKHAM CLOSE?

6 PARKHAM CLOSE is 103m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 40% 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 6 PARKHAM CLOSE lies on this distribution: 38% of detached houses houses are smaller than 6 PARKHAM CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

6 PARKHAM CLOSE: Plot and Title Map

6 PARKHAM CLOSE sits on a plot of roughly 0.088 of an acre, or 358m². The below map shows the location of 6 PARKHAM CLOSE, 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 6 PARKHAM CLOSE). 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 6 PARKHAM CLOSE?

6 PARKHAM CLOSE is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 6 on PARKHAM CLOSE.