44, GRESHAM CLOSE, CRAMLINGTON, NE23 6EJ - £70,000

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.

44 GRESHAM CLOSE is a small flat of 53m², built sometime between 1976 and 1982, which could now be worth an estimated £87,542. It was last sold for £70,000 in September 2004, which was around 14% below the average September 2004 flat price in the Northumberland local authority area. The most recent EPC inspection was November 2008, where the current energy rating was E, and the potential energy rating was C.

44 GRESHAM CLOSE Sold Prices

Land registry data shows one sale for 44 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
2004 17 SEP	£70,000	£81,186	14% below HPI

What might 44 GRESHAM CLOSE be worth now?

44 GRESHAM CLOSE might now be worth an estimated £87,542.

This is based on house price inflation of 25.1%, between September 2004 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 25.1% inflationary increase is applied to the most recent sale price for 44 GRESHAM CLOSE of £70,000 on 17th September 2004. For the value to have increased from £70,000 to £87,542 over the 22 years and five months to April 2026, the following assumptions must hold true:

• The value of 44 GRESHAM CLOSE has moved in line with the HPI for flats in the Northumberland local authority area.
• The September 2004 sale price of £70,000 represented a fair market value for the property.
• The size, condition, and specification of 44 GRESHAM CLOSE has not materially changed since September 2004.

How Large is 44 GRESHAM CLOSE?

44 GRESHAM CLOSE is 53m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 40% of flats in Cramlington, based on EPC data. 35% of flats are smaller than 44 GRESHAM CLOSE, and 65% of flats are larger. Note that EPC data is not available for all properties in Cramlington.

44 GRESHAM CLOSE: Plot

44 GRESHAM CLOSE sits on a plot of roughly 0.058 of an acre, or 236m².

Where is 44 GRESHAM CLOSE?

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