84, GRESHAM CLOSE, CRAMLINGTON, NE23 6EJ - £74,000

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.

84 GRESHAM CLOSE is a very large flat of 62m², built sometime between 1967 and 1975, which could now be worth an estimated £75,909. It was last sold for £74,000 in December 2023, which was around 25% below the average December 2023 flat price in the Northumberland local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was C.

84 GRESHAM CLOSE Sold Prices

Land registry data shows two sales for 84 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. One of the two 84 GRESHAM CLOSE sales was for below the average price, whilst the other was 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
2023 22 DEC	£74,000	£98,978	25% below HPI
2002 16 AUG	£47,000	£44,834	5% above HPI

What might 84 GRESHAM CLOSE be worth now?

84 GRESHAM CLOSE might now be worth an estimated £75,909.

This is based on house price inflation of 2.6%, between December 2023 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 2.6% inflationary increase is applied to the most recent sale price for 84 GRESHAM CLOSE of £74,000 on 22nd December 2023. For the value to have increased from £74,000 to £75,909 over the three years and eight months to April 2026, the following assumptions must hold true:

• The value of 84 GRESHAM CLOSE has moved in line with the HPI for flats in the Northumberland local authority area.
• The December 2023 sale price of £74,000 represented a fair market value for the property.
• The size, condition, and specification of 84 GRESHAM CLOSE has not materially changed since December 2023.

How Large is 84 GRESHAM CLOSE?

84 GRESHAM CLOSE is 62m² according to the EPC inspection conducted in August 2023. This puts it in the largest 20% of flats in Cramlington, based on EPC data. 84% of flats are smaller than 84 GRESHAM CLOSE, and 13% of flats are larger. Note that EPC data is not available for all properties in Cramlington.

84 GRESHAM CLOSE: Plot

84 GRESHAM CLOSE sits on a plot of roughly 0.053 of an acre, or 215m².

Where is 84 GRESHAM CLOSE?

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