3, CORINTO CLOSE, CRAMLINGTON, NE23 6FA - £135,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 CORINTO CLOSE is a very small terraced house of 56m², built in 2012, which could now be worth an estimated £161,874. It was last sold for £135,500 in July 2021, which was around 2% below the average July 2021 terraced price in the Northumberland local authority area. The most recent EPC inspection was November 2014, where the current energy rating was B, and the potential energy rating was A.

3 CORINTO CLOSE Sold Prices

Land registry data shows five sales for 3 CORINTO CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Northumberland local authority area for the corresponding sale date. Most of the five 3 CORINTO CLOSE 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
2021 16 JUL	£135,500	£138,110	2% below HPI
2019 24 MAY	£130,000	£112,890	15% above HPI
2018 28 MAR	£125,000	£115,897	8% above HPI
2017 21 DEC	£120,000	£116,977	3% above HPI
2014 27 JUN	£134,995	£108,854	24% above HPI

3 CORINTO CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Northumberland local authority area over time, sourced from the HPI. The five 3 CORINTO CLOSE sales between June 2014 and July 2021 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 2019 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the July 2021 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 3 CORINTO CLOSE be worth now?

3 CORINTO CLOSE might now be worth an estimated £161,874.

This is based on house price inflation of 19.5%, between July 2021 and April 2026, for terraced houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.5% inflationary increase is applied to the most recent sale price for 3 CORINTO CLOSE of £135,500 on 16th July 2021. For the value to have increased from £135,500 to £161,874 over the five years and three months to April 2026, the following assumptions must hold true:

• The value of 3 CORINTO CLOSE has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The July 2021 sale price of £135,500 represented a fair market value for the property.
• The size, condition, and specification of 3 CORINTO CLOSE has not materially changed since July 2021.

How Large is 3 CORINTO CLOSE?

3 CORINTO CLOSE is 56m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 10% of terraced houses houses in Cramlington, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Cramlington, and where 3 CORINTO CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 3 CORINTO CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

3 CORINTO CLOSE: Plot and Title Map

3 CORINTO CLOSE sits on a plot of roughly 0.033 of an acre, or 135m². The below map shows the location of 3 CORINTO CLOSE, 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 CORINTO CLOSE). 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 CORINTO CLOSE?

3 CORINTO CLOSE is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 3 on CORINTO CLOSE.