50, GRESHAM CLOSE, CRAMLINGTON, NE23 6EJ - £65,000

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.

50 GRESHAM CLOSE is a very large flat of 63m², built sometime between 1967 and 1975, which could now be worth an estimated £64,988. It was last sold for £65,000 in July 2024, which was around 36% below the average July 2024 flat price in the Northumberland local authority area. The most recent EPC inspection was March 2024, where the current energy rating was D, and the potential energy rating was C.

50 GRESHAM CLOSE Sold Prices

Land registry data shows one sale for 50 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
2024 5 JUL	£65,000	£101,549	36% below HPI

What might 50 GRESHAM CLOSE be worth now?

50 GRESHAM CLOSE might now be worth an estimated £64,988.

This is based on house price deflation of 0%, between July 2024 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 0% deflationary decrease is applied to the most recent sale price for 50 GRESHAM CLOSE of £65,000 on 5th July 2024. For the value to have decreased from £65,000 to £64,988 over the two years and three months to April 2026, the following assumptions must hold true:

• The value of 50 GRESHAM CLOSE has moved in line with the HPI for flats in the Northumberland local authority area.
• The July 2024 sale price of £65,000 represented a fair market value for the property.
• The size, condition, and specification of 50 GRESHAM CLOSE has not materially changed since July 2024.

How Large is 50 GRESHAM CLOSE?

50 GRESHAM CLOSE is 63m² according to the EPC inspection conducted in March 2024. This puts it in the largest 20% of flats in Cramlington, based on EPC data. 88% of flats are smaller than 50 GRESHAM CLOSE, and 11% of flats are larger. Note that EPC data is not available for all properties in Cramlington.

50 GRESHAM CLOSE: Plot

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

Where is 50 GRESHAM CLOSE?

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