8, CHEADLE AVENUE, CRAMLINGTON, NE23 3YT - £295,000

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.

8 CHEADLE AVENUE is a large extended detached house of 124m², built sometime between 1991 and 1995, which could now be worth an estimated £393,318. It was last sold for £295,000 in August 2019, which was around 9% above the average August 2019 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2011, where the current energy rating was C, and the potential energy rating was C.

8 CHEADLE AVENUE Sold Prices

Land registry data shows four sales for 8 CHEADLE AVENUE 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. All of the four 8 CHEADLE AVENUE 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
2019 2 AUG	£295,000	£269,852	9% above HPI
2012 23 MAR	£249,995	£233,016	7% above HPI
2003 22 AUG	£207,000	£180,005	15% above HPI
2000 16 JUN	£115,000	£103,230	11% above HPI

8 CHEADLE AVENUE 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 8 CHEADLE AVENUE sales between June 2000 and August 2019 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 March 2012 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the August 2019 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 8 CHEADLE AVENUE be worth now?

8 CHEADLE AVENUE might now be worth an estimated £393,318.

This is based on house price inflation of 33.3%, between August 2019 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 33.3% inflationary increase is applied to the most recent sale price for 8 CHEADLE AVENUE of £295,000 on 2nd August 2019. For the value to have increased from £295,000 to £393,318 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 8 CHEADLE AVENUE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The August 2019 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 8 CHEADLE AVENUE has not materially changed since August 2019.

How Large is 8 CHEADLE AVENUE?

8 CHEADLE AVENUE is 124m², which includes one extension, according to the EPC inspection conducted in October 2011. This puts it in the largest 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 8 CHEADLE AVENUE lies on this distribution: 68% of detached houses houses are smaller than 8 CHEADLE AVENUE, and 32% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

8 CHEADLE AVENUE: Plot and Title Map

8 CHEADLE AVENUE sits on a plot of roughly 0.107 of an acre, or 433m². The below map shows the location of 8 CHEADLE AVENUE, 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 8 CHEADLE AVENUE). 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 8 CHEADLE AVENUE?

8 CHEADLE AVENUE is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 8 on CHEADLE AVENUE.