16, MELKRIDGE PLACE, CRAMLINGTON, NE23 6UF - £180,000

16 MELKRIDGE PLACE is a very small detached house of 65m², built sometime between 1950 and 1966. It was last sold for £180,000 in May 2018, which was around 30% below the average May 2018 detached price in the Northumberland local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was B.

16 MELKRIDGE PLACE Sold Prices

Land registry data shows two sales for 16 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 16 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
2018 11 MAY	£180,000	£258,285	30% below HPI
2002 15 JUL	£92,500	£130,334	29% below HPI

16 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 16 MELKRIDGE PLACE sales from July 2002 and May 2018 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 July 2002 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the May 2018 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 16 MELKRIDGE PLACE?

16 MELKRIDGE PLACE is 65m² according to the EPC inspection conducted in November 2017. 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 16 MELKRIDGE PLACE lies on this distribution: 2% of detached houses are smaller than 16 MELKRIDGE PLACE, and 98% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

16 MELKRIDGE PLACE: Plot and Title Map

16 MELKRIDGE PLACE sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 16 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 16 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 16 MELKRIDGE PLACE?

16 MELKRIDGE PLACE is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 16 on MELKRIDGE PLACE.