1, Iris Lane
1, Iris Lane
Description & Estimates
1, Iris Lane, Cramlington is described in the public record as a modern house with 850 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 1, Iris Lane, Cramlington is £242,185 and its rental estimate is £1,469 per month, given the available information and assuming reasonable condition.
Iris Lane, West Meadows, Cramlington, NE23 falls within the NE23 postal district.
Our Data Sources
1, Iris Lane, Cramlington has no records in the the Land Registry and a single entry in the EPC database dated January 2024.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, Iris Lane, Cramlington, we estimate a market value of £254,294 and a rental value of £1,542 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £225,232 and £1,366 per month respectively.
Recent Market Change
Over the last year, 1, Iris Lane, Cramlington has seen its estimated sale value move up by £5,559 (2.3%) and its estimated rental value increase by £61 per month (4.1%). This results in an estimated gross rental yield of 7.3%.
Energy Efficiency
1, Iris Lane, Cramlington has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Jan 2024.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, Iris Lane, Cramlington have sold within a radius of 760 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 14th December 2023, was 4, Violet Drive, Cramlington, NE23 8FZ, a freehold house which sold for £67,723.
Read more about house prices in NE23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 5 addresses on Iris Lane, West Meadows, Cramlington, NE23, 1, Iris Lane, Cramlington comes out as the 5th largest and the 5th most expensive in our analysis of the public data.
It is also £53k more expensive than the average property across the NE23 district.
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Schools Nearby
- 400mBeaconhill Community Primary School
- 1.4kmHareside Primary School
- 1.9kmSs Peter and Paul's Catholic Primary Academy
- 1.4kmCramlington Learning Village
- 2.8kmNorth Gosforth Academy
- 5.6kmSt Benet Biscop Catholic Academy
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Public Transport Nearby
From 1, Iris Lane, Cramlington, the nearest station is Cramlington, 1.0 kilometres away.
- 1.0kmCramlington
- 4.8kmSeaton Delaval
- 6.0kmBlyth Bebside
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
