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House Prices in NE23 House Prices in NE23 (Cramlington)

The average house price in NE23 (Cramlington) is £167,763 using HM Land Registry data.

The average property price increased by £19,029 (41.36%) over the last 5 years and increased by £3,813 (5.66%) over the last 12 months.

Over the last year, there were 363 residential property sales – a decrease of 171 transactions (-47.11%) relative to the previous year. The majority of house sales (91) were in the £80,000 - £126,000 range. Then came properties in the £126,000 - £172,000 range, where 80 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 94 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,138 (-2%).

In Dec 24, there were 47 new estate agency instructions, 44 agreed home sales and 15 property price reductions.

Nearby Postcodes: DH3, DH4, DH8, DH9, NE10, NE12, NE13, NE16, NE17, NE19, NE2, NE20, NE21, NE22, NE24, NE25, NE26, NE27, NE28, NE29, NE3, NE30, NE31, NE32, NE33, NE34, NE35, NE36, NE37, NE38, NE39, NE4, NE40, NE5, NE6, NE61, NE62, NE63, NE65, NE7, NE9, SR4, SR5, SR6

5-Year Average Property Prices in NE23 (Cramlington)

41.36%

Property prices in Cramlington increased by 41.36% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in NE23 (Cramlington) Over the Last Year

5.66%

Property prices in Cramlington increased by 5.66% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for NE23 (Cramlington) - Dec 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in NE23 (Cramlington)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in NE23 (Cramlington)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in NE23 (Cramlington)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the NE23 (Cramlington) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE23 postcode area since 1995.

Recent Sales in NE23 (Cramlington)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
28 Cragside, Cramlington, Northumberland, NE23 6HP£172,500£112,000-£60,50017 Jul 202419 Nov 2024125 Days
4 Melkridge Place, Cramlington, Northumberland, NE23 6UF£175,000£175,000£0005 Sep 202415 Nov 202471 Days
15 Doddington Drive, Cramlington, Northumberland, NE23 6DE£199,000£186,000-£13,00030 Jul 202408 Nov 2024101 Days
12 Dewley, Cramlington, Northumberland, NE23 6DS£210,000£197,000-£13,00012 Jun 202408 Nov 2024149 Days
92 Monkside, Cramlington, Northumberland, NE23 6JX£165,000£165,000£0025 Jul 202405 Nov 2024103 Days
60 Windermere Close, Cramlington, Northumberland, NE23 6PQ£78,500£76,000-£2,50015 Dec 202304 Nov 2024325 Days
3 Craigend, Cramlington, Northumberland, NE23 6LF£89,950£88,500-£1,45018 Jun 202401 Nov 2024136 Days
5 Harwood Close, Cramlington, Northumberland, NE23 6AN£219,950£215,000-£4,95002 Feb 202428 Oct 2024269 Days
35 Tindale Avenue, Cramlington, Northumberland, NE23 2BP£135,000£135,000£0014 Mar 202428 Oct 2024228 Days
53 Totnes Drive, Cramlington, Northumberland, NE23 1PZ£229,950£220,000-£9,95013 Jun 202425 Oct 2024134 Days
184 Ringwood Drive, Cramlington, Northumberland, NE23 1NU£165,000£160,000-£5,00026 Jun 202425 Oct 2024121 Days
37 Silverdale Road, Cramlington, Northumberland, NE23 3LW£172,950£167,000-£5,95020 May 202425 Oct 2024158 Days
9 Ladykirk Way, Cramlington, Northumberland, NE23 8DU£135,000£135,000£0018 Apr 202416 Aug 2024120 Days
51 Hatfield Drive, Seghill, Cramlington, Northumberland, NE23 7TU£329,950£322,000-£7,95030 Apr 202415 Aug 2024107 Days
1 Weetslade Road, Dudley, Cramlington, Tyne And Wear, NE23 7LH£165,000£155,000-£10,00026 Apr 202405 Aug 2024101 Days
146 Ringwood Drive, Cramlington, Northumberland, NE23 1NT£189,950£181,950-£8,00026 Mar 202402 Aug 2024129 Days
4 Porchester Drive, Cramlington, Northumberland, NE23 2QA£215,000£215,000£0006 Feb 202401 Aug 2024177 Days
4 Helen Street, Cramlington, Northumberland, NE23 6XG£149,950£147,475-£2,47523 Feb 202426 Jul 2024154 Days
2 Gresham Close, Cramlington, Northumberland, NE23 6EJ£260,000£260,000£0028 Mar 202426 Jul 2024120 Days
15 Newlyn Drive, Cramlington, Northumberland, NE23 1RL£219,950£215,000-£4,95010 Feb 202419 Jul 2024160 Days

Most Expensive Streets in NE23 (Cramlington)

PostcodeStreetAreaAverageNo. of Sales
NE23 7DZSeghillCramlington£531,6663
NE23 7XJRipon CloseCramlington£513,3333
NE23 7XERichmond WayCramlington£474,6357
NE23 1BDSt Davids ParkCramlington£456,2374
NE23 7XARipley DriveCramlington£451,2506
NE23 7DQArcot GrangeCramlington£424,39016
NE23 8JTKielder AvenueCramlington£383,7504
NE23 7XTLoxton SquareCramlington£361,6663
NE23 7XLLonghirst DriveCramlington£361,0005
NE23 1AQDigby Place, St. Nicholas Manor, CramlingtonCramlington£356,10818

Least Expensive Streets in NE23 (Cramlington)

PostcodeStreetAreaAverageNo. of Sales
NE23 6LQChirnsideCramlington£39,3333
NE23 6JDWinshieldsCramlington£44,2005
NE23 7SYNorthcott Gardens, SeghillCramlington£52,3805
NE23 6DSDewleyCramlington£65,1878
NE23 6LFCraigendCramlington£67,3163
NE23 6JQWoodhill RoadCramlington£68,6005
NE23 7QZQueens Gardens, AnnitsfordCramlington£74,1405
NE23 6LLWreay WalkCramlington£76,1124
NE23 6AZHighburnCramlington£77,5004
NE23 6RLStorey StreetCramlington£77,8128

Explore NE23 (Cramlington) using map

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