CRAKE WELLS, SOUTH LANE, NORHAM, BERWICK-UPON-TWEED, TD15 2LR - £190,000

CRAKE WELLS is a very small detached house of 82m², built sometime between 1967 and 1975. It was last sold for £190,000 in August 2021, which was around 37% below the average August 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2017, where the current energy rating was F, and the potential energy rating was D.

CRAKE WELLS Sold Prices

Land registry data shows three sales for CRAKE WELLS 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 CRAKE WELLS 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
2021 3 AUG	£190,000	£300,546	37% below HPI
1999 20 AUG	£70,000	£97,730	28% below HPI
1997 29 OCT	£69,250	£87,507	21% below HPI

CRAKE WELLS 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 CRAKE WELLS sales between October 1997 and August 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 August 1999 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2021 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is CRAKE WELLS?

CRAKE WELLS is 82m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 20% of detached houses in Norham, based on EPC data. The below chart shows the distribution of detached houses by size in Norham, and where CRAKE WELLS lies on this distribution: 15% of detached houses are smaller than CRAKE WELLS, and 85% of houses are larger. Note that EPC data is not available for all properties in Norham.

CRAKE WELLS: Plot and Title Map

CRAKE WELLS sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of CRAKE WELLS, 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 CRAKE WELLS). 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 CRAKE WELLS?

CRAKE WELLS is located on SOUTH LANE in NORHAM, in the TD15 postcode district. The below map shows the position of CRAKE WELLS on SOUTH LANE.