7, GAIRLOCH CLOSE, CRAMLINGTON, NE23 3LJ - £340,000

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.

7 GAIRLOCH CLOSE is a large extended detached house of 132m², built sometime between 1996 and 2002, which could now be worth an estimated £364,151. It was last sold for £340,000 in September 2022, which was around 1% above the average September 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

7 GAIRLOCH CLOSE Sold Prices

Land registry data shows four sales for 7 GAIRLOCH CLOSE 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. Most of the four 7 GAIRLOCH 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
2022 30 SEP	£340,000	£335,927	1% above HPI
2019 22 FEB	£250,000	£261,350	4% below HPI
2002 8 NOV	£136,000	£146,991	7% below HPI
2000 30 JUN	£82,000	£103,230	21% below HPI

7 GAIRLOCH 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 four 7 GAIRLOCH CLOSE sales between June 2000 and September 2022 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 February 2019 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the September 2022 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 7 GAIRLOCH CLOSE be worth now?

7 GAIRLOCH CLOSE might now be worth an estimated £364,151.

This is based on house price inflation of 7.1%, between September 2022 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 7.1% inflationary increase is applied to the most recent sale price for 7 GAIRLOCH CLOSE of £340,000 on 30th September 2022. For the value to have increased from £340,000 to £364,151 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 7 GAIRLOCH CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The September 2022 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GAIRLOCH CLOSE has not materially changed since September 2022.

How Large is 7 GAIRLOCH CLOSE?

7 GAIRLOCH CLOSE is 132m², which includes two extensions, according to the EPC inspection conducted in September 2018. 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 7 GAIRLOCH CLOSE lies on this distribution: 78% of detached houses houses are smaller than 7 GAIRLOCH CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

7 GAIRLOCH CLOSE: Plot and Title Map

7 GAIRLOCH CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 7 GAIRLOCH 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 7 GAIRLOCH 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 7 GAIRLOCH CLOSE?

7 GAIRLOCH CLOSE is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 7 on GAIRLOCH CLOSE.