15, GRESHAM CLOSE, CRAMLINGTON, NE23 6EJ - £173,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

15 GRESHAM CLOSE is a very small semi-detached house of 58m², built sometime between 1967 and 1975. It was last sold for £173,000 in September 2015, which was around 31% below the average September 2015 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

15 GRESHAM CLOSE Sold Prices

Land registry data shows three sales for 15 GRESHAM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the three 15 GRESHAM CLOSE sales were for below 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
2015 14 SEP	£173,000	£251,501	31% below HPI
2014 21 FEB	£153,000	£229,659	33% below HPI
1995 7 MAR	£49,000	£82,658	41% below HPI

15 GRESHAM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Northumberland local authority area over time, sourced from the HPI. The three 15 GRESHAM CLOSE sales between March 1995 and September 2015 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 2014 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the September 2015 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 15 GRESHAM CLOSE?

15 GRESHAM CLOSE is 58m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% of detached houses in Cramlington, based on EPC data. The below chart shows the distribution of detached houses by size in Cramlington, and where 15 GRESHAM CLOSE lies on this distribution: 1% of detached houses are smaller than 15 GRESHAM CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

15 GRESHAM CLOSE: Plot and Title Map

15 GRESHAM CLOSE sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 15 GRESHAM CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 15 GRESHAM CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 15 GRESHAM CLOSE?

15 GRESHAM CLOSE is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 15 on GRESHAM CLOSE.