86, GRESHAM CLOSE, CRAMLINGTON, NE23 6EJ - £91,000

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.

86 GRESHAM CLOSE is a large flat of 58m², built sometime between 1967 and 1975, which could now be worth an estimated £118,953. It was last sold for £91,000 in May 2015, which was around 17% above the average May 2015 flat price in the Northumberland local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was C.

86 GRESHAM CLOSE Sold Prices

Land registry data shows one sale for 86 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
2015 8 MAY	£91,000	£77,672	17% above HPI

What might 86 GRESHAM CLOSE be worth now?

86 GRESHAM CLOSE might now be worth an estimated £118,953.

This is based on house price inflation of 30.7%, between May 2015 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 30.7% inflationary increase is applied to the most recent sale price for 86 GRESHAM CLOSE of £91,000 on 8th May 2015. For the value to have increased from £91,000 to £118,953 over the eleven years and one month to April 2026, the following assumptions must hold true:

• The value of 86 GRESHAM CLOSE has moved in line with the HPI for flats in the Northumberland local authority area.
• The May 2015 sale price of £91,000 represented a fair market value for the property.
• The size, condition, and specification of 86 GRESHAM CLOSE has not materially changed since May 2015.

How Large is 86 GRESHAM CLOSE?

86 GRESHAM CLOSE is 58m² according to the EPC inspection conducted in January 2015. This puts it in the largest 30% of flats in Cramlington, based on EPC data. 72% of flats are smaller than 86 GRESHAM CLOSE, and 25% of flats are larger. Note that EPC data is not available for all properties in Cramlington.

86 GRESHAM CLOSE: Plot

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

Where is 86 GRESHAM CLOSE?

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