8, RICHMOND WAY, CRAMLINGTON, NE23 7XE - £330,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 RICHMOND WAY is a very large extended detached house of 171m², built sometime between 1976 and 1982. It was last sold for £330,000 in November 2015, which was around 34% above the average November 2015 detached price in the Northumberland local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was C.

8 RICHMOND WAY Sold Prices

Land registry data shows two sales for 8 RICHMOND WAY 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 8 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
2015 5 NOV	£330,000	£246,479	34% above HPI
1995 20 OCT	£90,000	£78,036	15% above HPI

8 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 two 8 RICHMOND WAY sales from October 1995 and November 2015 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 October 1995 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the November 2015 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

How Large is 8 RICHMOND WAY?

8 RICHMOND WAY is 171m², which includes one extension, according to the EPC inspection conducted in February 2013. 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 8 RICHMOND WAY lies on this distribution: 95% of detached houses are smaller than 8 RICHMOND WAY, and 5% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

8 RICHMOND WAY: Plot and Title Map

8 RICHMOND WAY sits on a plot of roughly 0.107 of an acre, or 434m². The below map shows the location of 8 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 8 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 8 RICHMOND WAY?

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