3, GRESHAM CLOSE, CRAMLINGTON, NE23 6EJ - £190,000

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.

3 GRESHAM CLOSE is a very small detached house of 56m², built sometime between 1967 and 1975, which could now be worth an estimated £259,526. It was last sold for £190,000 in December 2017, which was around 28% below the average December 2017 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was B.

3 GRESHAM CLOSE Sold Prices

Land registry data shows one sale for 3 GRESHAM CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached 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
2017 6 DEC	£190,000	£263,309	28% below HPI

What might 3 GRESHAM CLOSE be worth now?

3 GRESHAM CLOSE might now be worth an estimated £259,526.

This is based on house price inflation of 36.6%, between December 2017 and April 2026, for 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 36.6% inflationary increase is applied to the most recent sale price for 3 GRESHAM CLOSE of £190,000 on 6th December 2017. For the value to have increased from £190,000 to £259,526 over the nine years and eight months to April 2026, the following assumptions must hold true:

• The value of 3 GRESHAM CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The December 2017 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 3 GRESHAM CLOSE has not materially changed since December 2017.

How Large is 3 GRESHAM CLOSE?

3 GRESHAM CLOSE is 56m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 10% of detached houses in Cramlington, based on EPC data. The below chart shows the distribution of detached houses by size in Cramlington, and where 3 GRESHAM CLOSE lies on this distribution: 1% of detached houses are smaller than 3 GRESHAM CLOSE, and 99% of detached houses are larger. Note that EPC data is not available for all properties in Cramlington.

3 GRESHAM CLOSE: Plot

3 GRESHAM CLOSE sits on a plot of roughly 0.062 of an acre, or 252m².

Where is 3 GRESHAM CLOSE?

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