48, GRESHAM CLOSE, CRAMLINGTON, NE23 6EJ - £99,950

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.

48 GRESHAM CLOSE is a very large flat of 61m², built sometime between 1967 and 1975, which could now be worth an estimated £119,389. It was last sold for £99,950 in August 2018, which was around 18% above the average August 2018 flat price in the Northumberland local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was C.

48 GRESHAM CLOSE Sold Prices

Land registry data shows two sales for 48 GRESHAM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Northumberland local authority area for the corresponding sale date. Both of the two 48 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
2018 29 AUG	£99,950	£85,000	18% above HPI
2016 3 NOV	£87,500	£82,487	6% above HPI

What might 48 GRESHAM CLOSE be worth now?

48 GRESHAM CLOSE might now be worth an estimated £119,389.

This is based on house price inflation of 19.4%, between August 2018 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 19.4% inflationary increase is applied to the most recent sale price for 48 GRESHAM CLOSE of £99,950 on 29th August 2018. For the value to have increased from £99,950 to £119,389 over the eight years and four months to April 2026, the following assumptions must hold true:

• The value of 48 GRESHAM CLOSE has moved in line with the HPI for flats in the Northumberland local authority area.
• The August 2018 sale price of £99,950 represented a fair market value for the property.
• The size, condition, and specification of 48 GRESHAM CLOSE has not materially changed since August 2018.

How Large is 48 GRESHAM CLOSE?

48 GRESHAM CLOSE is 61m² according to the EPC inspection conducted in January 2016. This puts it in the largest 20% of flats in Cramlington, based on EPC data. 81% of flats are smaller than 48 GRESHAM CLOSE, and 17% of flats are larger. Note that EPC data is not available for all properties in Cramlington.

48 GRESHAM CLOSE: Plot

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

Where is 48 GRESHAM CLOSE?

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