28, GRESHAM CLOSE, CRAMLINGTON, NE23 6EJ - £160,000

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.

28 GRESHAM CLOSE is a very small semi-detached house of 59m², built sometime between 1967 and 1975, which could now be worth an estimated £243,499. It was last sold for £160,000 in May 2014, which was around 25% above the average May 2014 semi-detached price in the Northumberland local authority area. The most recent EPC inspection was November 2011, where the current energy rating was C, and the potential energy rating was C.

28 GRESHAM CLOSE Sold Prices

Land registry data shows two sales for 28 GRESHAM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Northumberland local authority area for the corresponding sale date. Both of the two 28 GRESHAM 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
2014 19 MAY	£160,000	£128,294	25% above HPI
2012 11 SEP	£152,950	£127,173	20% above HPI

28 GRESHAM CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Northumberland local authority area over time, sourced from the HPI. The two 28 GRESHAM CLOSE sales from September 2012 and May 2014 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 September 2012 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the May 2014 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 28 GRESHAM CLOSE be worth now?

28 GRESHAM CLOSE might now be worth an estimated £243,499.

This is based on house price inflation of 52.2%, between May 2014 and February 2025, for semi-detached 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 52.2% inflationary increase is applied to the most recent sale price for 28 GRESHAM CLOSE of £160,000 on 19th May 2014. For the value to have increased from £160,000 to £243,499 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 28 GRESHAM CLOSE has moved in line with the HPI for semi-detached houses in the Northumberland local authority area.
• The May 2014 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 28 GRESHAM CLOSE has not materially changed since May 2014.

How Large is 28 GRESHAM CLOSE?

28 GRESHAM CLOSE is 59m² according to the EPC inspection conducted in November 2011. This puts it in the smallest 10% of semi-detached houses houses in Cramlington, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cramlington, and where 28 GRESHAM CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 28 GRESHAM CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

28 GRESHAM CLOSE: Plot and Title Map

28 GRESHAM CLOSE sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 28 GRESHAM 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 28 GRESHAM 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 28 GRESHAM CLOSE?

28 GRESHAM CLOSE is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 28 on GRESHAM CLOSE.