2, METHVEN WAY, CRAMLINGTON, NE23 3XQ - £189,950

2 METHVEN WAY is a very small detached house of 82m², built sometime between 1996 and 2002. It was last sold for £189,950 in January 2013, which was around 15% below the average January 2013 detached price in the Northumberland local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

2 METHVEN WAY Sold Prices

Land registry data shows three sales for 2 METHVEN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the three 2 METHVEN WAY 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
2013 9 JAN	£189,950	£223,852	15% below HPI
2007 16 FEB	£187,000	£246,077	24% below HPI
2000 24 NOV	£84,500	£102,048	17% below HPI

2 METHVEN 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 three 2 METHVEN WAY sales between November 2000 and January 2013 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 February 2007 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the January 2013 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2 METHVEN WAY?

2 METHVEN WAY is 82m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 20% of detached houses in Cramlington, based on EPC data. The below chart shows the distribution of detached houses by size in Cramlington, and where 2 METHVEN WAY lies on this distribution: 10% of detached houses are smaller than 2 METHVEN WAY, and 89% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

2 METHVEN WAY: Plot and Title Map

2 METHVEN WAY sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 2 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 2 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 2 METHVEN WAY?

2 METHVEN WAY is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 2 on METHVEN WAY.