18, GRESHAM CLOSE, CRAMLINGTON, NE23 6EJ - £135,000

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.

18 GRESHAM CLOSE is a large extended flat of 59m², built sometime between 1967 and 1975, which could now be worth an estimated £174,953. It was last sold for £135,000 in October 2011, which was around 72% above the average October 2011 flat price in the Northumberland local authority area. The most recent EPC inspection was July 2011, where the current energy rating was C, and the potential energy rating was C.

18 GRESHAM CLOSE Sold Prices

Land registry data shows one sale for 18 GRESHAM CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average flat price in the Northumberland local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2011 19 OCT	£135,000	£78,345	72% above HPI

What might 18 GRESHAM CLOSE be worth now?

18 GRESHAM CLOSE might now be worth an estimated £174,953.

This is based on house price inflation of 29.6%, between October 2011 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 29.6% inflationary increase is applied to the most recent sale price for 18 GRESHAM CLOSE of £135,000 on 19th October 2011. For the value to have increased from £135,000 to £174,953 over the fifteen years and six months to April 2026, the following assumptions must hold true:

• The value of 18 GRESHAM CLOSE has moved in line with the HPI for flats in the Northumberland local authority area.
• The October 2011 sale price of £135,000 represented a fair market value for the property.
• The size, condition, and specification of 18 GRESHAM CLOSE has not materially changed since October 2011.

How Large is 18 GRESHAM CLOSE?

18 GRESHAM CLOSE is 59m², which includes one extension, according to the EPC inspection conducted in July 2011. This puts it in the largest 30% of flats in Cramlington, based on EPC data. 79% of flats are smaller than 18 GRESHAM CLOSE, and 21% of flats are larger. Note that EPC data is not available for all properties in Cramlington.

18 GRESHAM CLOSE: Plot

18 GRESHAM CLOSE sits on a plot of roughly 0.056 of an acre, or 225m².

Where is 18 GRESHAM CLOSE?

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