8, METHVEN WAY, CRAMLINGTON, NE23 3XQ - £136,500

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 METHVEN WAY is a very small extended semi-detached house of 81m², built sometime between 1996 and 2002, which could now be worth an estimated £208,309. It was last sold for £136,500 in October 2011, which was around 7% above the average October 2011 semi-detached price in the Northumberland local authority area. The most recent EPC inspection was May 2011, where the current energy rating was C, and the potential energy rating was C.

8 METHVEN WAY Sold Prices

Land registry data shows three sales for 8 METHVEN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Northumberland local authority area for the corresponding sale date. All of the three 8 METHVEN 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
2011 21 OCT	£136,500	£127,941	7% above HPI
2002 28 MAR	£64,950	£60,082	8% above HPI
1999 18 MAR	£53,450	£46,844	14% above HPI

8 METHVEN WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Northumberland local authority area over time, sourced from the HPI. The three 8 METHVEN WAY sales between March 1999 and October 2011 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 2002 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the October 2011 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 8 METHVEN WAY be worth now?

8 METHVEN WAY might now be worth an estimated £208,309.

This is based on house price inflation of 52.6%, between October 2011 and February 2025, for semi-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 52.6% inflationary increase is applied to the most recent sale price for 8 METHVEN WAY of £136,500 on 21st October 2011. For the value to have increased from £136,500 to £208,309 over the fourteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 8 METHVEN WAY has moved in line with the HPI for semi-detached houses in the Northumberland local authority area.
• The October 2011 sale price of £136,500 represented a fair market value for the property.
• The size, condition, and specification of 8 METHVEN WAY has not materially changed since October 2011.

How Large is 8 METHVEN WAY?

8 METHVEN WAY is 81m², which includes two extensions, according to the EPC inspection conducted in May 2011. This puts it in the smallest 20% of semi-detached houses houses in Cramlington, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cramlington, and where 8 METHVEN WAY lies on this distribution: 10% of semi-detached houses houses are smaller than 8 METHVEN WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

8 METHVEN WAY: Plot and Title Map

8 METHVEN WAY sits on a plot of roughly 0.097 of an acre, or 394m². The below map shows the location of 8 METHVEN 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 8 METHVEN 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 8 METHVEN WAY?

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