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According to the public record, 50, Gresham Close, Cramlington is a mid-century leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 50, Gresham Close, Cramlington is £99,843 and the estimated rental value is £671 per month.
Gresham Close, Cramlington, NE23 is located within the NE23 postal district.
50, Gresham Close, Cramlington has a single entry in the Land Registry from July 2024 and a single entry in the EPC database dated March 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 50, Gresham Close, Cramlington is in very good condition we estimate a sale value of £104,835 and a rental value of £704 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £92,854 and a rental value of £624 per month.
Over the last 12 months the sale value of 50 Gresham Close Cramlington has increased by an estimated £1,394 (1.4%) and its rental value has increased by an estimated £19 per month (2.8%), giving an expected gross yield of 8.1%.
50, Gresham Close, Cramlington has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Mar 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Warm air, mains gas.
According to HM Land Registry, 50, Gresham Close, Cramlington was last sold on 5th July 2024 for £65,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since July 2024, the market for similar properties has dropped 19.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 50, Gresham Close, Cramlington within a radius of 530 metres over the last 2 years.
The most recent example is 80, Gresham Close, Cramlington, NE23 6EJ, a leasehold flat which sold for £114,000 on the 27th June 2025.
Read more about house prices in NE23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gresham Close, Cramlington, NE23 has a total of 67 addresses. According to our analysis of all the public data, 50, Gresham Close, Cramlington is the 30th largest and the 58th most expensive property on the street.
When compared to the postcode district it is £88k less expensive than the average property in NE23.
The closest station to 50, Gresham Close, Cramlington is Cramlington station which is 1.8 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 50, Gresham Close, Cramlington, 70.0% of property is privately owned outright and 20.0% is privately rented.
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 50, Gresham Close, Cramlington, 4.0% of residents are recorded as possessing school level qualifications and 22.2% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 50, Gresham Close, Cramlington, the average age was 49.2 and the most common age was 72.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 50, Gresham Close, Cramlington, 0.0% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 50, Gresham Close, Cramlington, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.
