3, ALBION WAY, SHANKHOUSE, CRAMLINGTON, NE23 3GE - £235,000

3 ALBION WAY is a large detached house of 125m², built sometime between 1991 and 1995. It was last sold for £235,000 in March 2020, which was around 10% below the average March 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was B.

3 ALBION WAY Sold Prices

Land registry data shows two sales for 3 ALBION 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. One of the two 3 ALBION WAY sales was for below the average price, whilst the other was 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
2020 18 MAR	£235,000	£259,856	10% below HPI
1997 16 JAN	£89,000	£82,261	8% above HPI

3 ALBION 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 3 ALBION WAY sales from January 1997 and March 2020 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 January 1997 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the March 2020 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 3 ALBION WAY?

3 ALBION WAY is 125m² according to the EPC inspection conducted in April 2019. This puts it in the largest 40% of detached houses in Cramlington, based on EPC data. The below chart shows the distribution of detached houses by size in Cramlington, and where 3 ALBION WAY lies on this distribution: 66% of detached houses are smaller than 3 ALBION WAY, and 32% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

3 ALBION WAY: Plot and Title Map

3 ALBION WAY sits on a plot of roughly 0.146 of an acre, or 589m². The below map shows the location of 3 ALBION 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 3 ALBION 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 3 ALBION WAY?

3 ALBION WAY is located in SHANKHOUSE, in the NE23 postcode district. The below map shows the position of No. 3 on ALBION WAY.