6, GRESHAM CLOSE, CRAMLINGTON, NE23 6EJ - £155,000

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.

6 GRESHAM CLOSE is a very small terraced house of 60m², built sometime between 1976 and 1982, which could now be worth an estimated £227,500. It was last sold for £155,000 in June 2016, which was around 38% above the average June 2016 terraced price in the Northumberland local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

6 GRESHAM CLOSE Sold Prices

Land registry data shows two sales for 6 GRESHAM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Northumberland local authority area for the corresponding sale date. Both of the two 6 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
2016 10 JUN	£155,000	£112,412	38% above HPI
1996 25 OCT	£48,000	£35,713	34% above HPI

6 GRESHAM CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Northumberland local authority area over time, sourced from the HPI. The two 6 GRESHAM CLOSE sales from October 1996 and June 2016 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 October 1996 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the June 2016 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 6 GRESHAM CLOSE be worth now?

6 GRESHAM CLOSE might now be worth an estimated £227,500.

This is based on house price inflation of 46.8%, between June 2016 and April 2026, for terraced 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 46.8% inflationary increase is applied to the most recent sale price for 6 GRESHAM CLOSE of £155,000 on 10th June 2016. For the value to have increased from £155,000 to £227,500 over the ten years and two months to April 2026, the following assumptions must hold true:

• The value of 6 GRESHAM CLOSE has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The June 2016 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 6 GRESHAM CLOSE has not materially changed since June 2016.

How Large is 6 GRESHAM CLOSE?

6 GRESHAM CLOSE is 60m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 10% of terraced houses houses in Cramlington, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Cramlington, and where 6 GRESHAM CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 6 GRESHAM CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

6 GRESHAM CLOSE: Plot and Title Map

6 GRESHAM CLOSE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 6 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 6 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 6 GRESHAM CLOSE?

6 GRESHAM CLOSE is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 6 on GRESHAM CLOSE.