THE RIDGE, STATION ROAD, CRAMLINGTON, NE23 1EN - £360,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE RIDGE is a very large extended detached house of 180m², built sometime between 1930 and 1949. It was last sold for £360,000 in March 2015, which was around 54% above the average March 2015 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was C.

THE RIDGE Sold Prices

Land registry data shows two sales for THE RIDGE 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 THE RIDGE 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 MAR	£360,000	£233,586	54% above HPI
2007 18 MAY	£330,000	£247,542	33% above HPI

THE RIDGE 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 THE RIDGE sales from May 2007 and March 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 May 2007 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the March 2015 sale, where it rises to 54% above the HPI. The line then continues to track at 54% above the HPI.

How Large is THE RIDGE?

THE RIDGE is 180m², which includes one extension, according to the EPC inspection conducted in October 2016. 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 THE RIDGE lies on this distribution: 96% of detached houses are smaller than THE RIDGE, and 4% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

THE RIDGE: Plot and Title Map

THE RIDGE sits on a plot of roughly 0.146 of an acre, or 592m². The below map shows the location of THE RIDGE, 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 THE RIDGE). 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 THE RIDGE?

THE RIDGE is located on STATION ROAD in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of THE RIDGE on STATION ROAD.