88, GRESHAM CLOSE, CRAMLINGTON, NE23 6EJ - £95,000

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.

88 GRESHAM CLOSE is a very large flat of 66m², built sometime between 1967 and 1975, which could now be worth an estimated £118,494. It was last sold for £95,000 in February 2019, which was around 17% above the average February 2019 flat price in the Northumberland local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

88 GRESHAM CLOSE Sold Prices

Land registry data shows six sales for 88 GRESHAM CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average flat price in the Northumberland local authority area for the corresponding sale date. All of the six 88 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
2019 22 FEB	£95,000	£81,400	17% above HPI
2017 27 JAN	£88,500	£81,619	8% above HPI
2013 17 JAN	£84,000	£74,465	13% above HPI
2003 25 MAR	£72,950	£49,296	48% above HPI
2000 27 NOV	£37,000	£32,559	14% above HPI
1999 2 JUL	£35,950	£31,757	13% above HPI

What might 88 GRESHAM CLOSE be worth now?

88 GRESHAM CLOSE might now be worth an estimated £118,494.

This is based on house price inflation of 24.7%, between February 2019 and April 2026, for flats, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.7% inflationary increase is applied to the most recent sale price for 88 GRESHAM CLOSE of £95,000 on 22nd February 2019. For the value to have increased from £95,000 to £118,494 over the six years and ten months to April 2026, the following assumptions must hold true:

• The value of 88 GRESHAM CLOSE has moved in line with the HPI for flats in the Northumberland local authority area.
• The February 2019 sale price of £95,000 represented a fair market value for the property.
• The size, condition, and specification of 88 GRESHAM CLOSE has not materially changed since February 2019.

How Large is 88 GRESHAM CLOSE?

88 GRESHAM CLOSE is 66m² according to the EPC inspection conducted in April 2014. This puts it in the largest 10% of flats in Cramlington, based on EPC data. 92% of flats are smaller than 88 GRESHAM CLOSE, and 7% of flats are larger. Note that EPC data is not available for all properties in Cramlington.

88 GRESHAM CLOSE: Plot

88 GRESHAM CLOSE sits on a plot of roughly 0.051 of an acre, or 206m².

Where is 88 GRESHAM CLOSE?

88 GRESHAM CLOSE is located in CRAMLINGTON, in the NE23 postcode district.