1, MELKRIDGE PLACE, CRAMLINGTON, NE23 6UF - £218,000

1 MELKRIDGE PLACE is a very small extended detached house of 81m², built sometime between 1967 and 1975. It was last sold for £218,000 in March 2016, which was around 10% below the average March 2016 detached price in the Northumberland local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

1 MELKRIDGE PLACE Sold Prices

Land registry data shows two sales for 1 MELKRIDGE PLACE 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 1 MELKRIDGE PLACE 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
2016 31 MAR	£218,000	£243,545	10% below HPI
2004 6 SEP	£199,500	£219,206	9% below HPI

1 MELKRIDGE PLACE 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 1 MELKRIDGE PLACE sales from September 2004 and March 2016 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 September 2004 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the March 2016 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 1 MELKRIDGE PLACE?

1 MELKRIDGE PLACE is 81m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the smallest 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 1 MELKRIDGE PLACE lies on this distribution: 10% of detached houses are smaller than 1 MELKRIDGE PLACE, and 90% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

1 MELKRIDGE PLACE: Plot and Title Map

1 MELKRIDGE PLACE sits on a plot of roughly 0.083 of an acre, or 338m². The below map shows the location of 1 MELKRIDGE PLACE, 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 1 MELKRIDGE PLACE). 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 1 MELKRIDGE PLACE?

1 MELKRIDGE PLACE is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 1 on MELKRIDGE PLACE.