5, GRESHAM CLOSE, CRAMLINGTON, NE23 6EJ - £239,500

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

5 GRESHAM CLOSE is a very small detached house of 54m², built sometime between 1967 and 1975. It was last sold for £239,500 in October 2023, which was around 26% below the average October 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

5 GRESHAM CLOSE Sold Prices

Land registry data shows three sales for 5 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 5 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
2023 27 OCT	£239,500	£325,074	26% below HPI
2018 5 APR	£199,950	£259,047	23% below HPI
2017 10 MAR	£169,950	£247,059	31% below HPI

5 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 5 GRESHAM CLOSE sales between March 2017 and October 2023 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 April 2018 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the October 2023 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 5 GRESHAM CLOSE?

5 GRESHAM CLOSE is 54m² according to the EPC inspection conducted in October 2016. 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 5 GRESHAM CLOSE lies on this distribution: 1% of detached houses are smaller than 5 GRESHAM CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Cramlington.

5 GRESHAM CLOSE: Plot and Title Map

5 GRESHAM CLOSE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 5 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 5 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 5 GRESHAM CLOSE?

5 GRESHAM CLOSE is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 5 on GRESHAM CLOSE.