2 Fareham Way

    2, FAREHAM WAY, CRAMLINGTON, NE23 1TB

    This terraced leasehold property on Fareham Way last sold in January 2024 for £156,000. Based on price growth in the NE23 district since then, its estimated current value is £162,388 — placing it in the 15th percentile nationally and the 39th percentile within NE23. The property covers 69 m² (743 sq ft), giving an estimated value of £2,353 per m². The EPC rating is D, with a potential rating of B.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    743 sq ft

    69 m²

    Last Sale Price

    £156,000

    Jan 2024

    Estimated Valuation

    £162,388

    Est. £/sq ft

    £219/sq ft

    £2,353/m²

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1967-1975
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area743 sq ft (69 m²)
    EPC dateJun 2014
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    29 Jan 2024

    £156,000

    28 Jun 2000

    £40,000

    Key Metrics

    Estimated valuation£162,388
    Value per sq ft / m²£219/sq ft (£2,353/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE23 district percentile39th percentile
    National percentile15th percentile

    District Context — NE23

    NE23 covers Prudhoe, Ryton and surrounding settlements in Tyne and Wear, sitting west of Newcastle in the lower Tyne valley. The area blends suburban residential character with access to both countryside and urban services.

    Average Property Price - NE23

    £205,970

    14

    National percentile

    Average Net Household Income - NE23

    £21,920

    2

    National percentile

    10-Year Annualised Price Growth - NE23

    3.4%

    44

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE23

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