11, ARGUS CLOSE, GATESHEAD, NE11 9TA - £179,950

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.

11 ARGUS CLOSE is a very small extended semi-detached house of 72m², built sometime between 1991 and 1995, which could now be worth an estimated £234,622. It was last sold for £179,950 in September 2019, which was around 27% above the average September 2019 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

11 ARGUS CLOSE Sold Prices

Land registry data shows four sales for 11 ARGUS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Gateshead local authority area for the corresponding sale date. All of the four 11 ARGUS CLOSE sales were 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
2019 27 SEP	£179,950	£141,935	27% above HPI
2006 29 SEP	£152,000	£134,369	13% above HPI
2002 8 NOV	£102,000	£68,047	50% above HPI
1999 21 SEP	£63,500	£46,015	38% above HPI

11 ARGUS CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Gateshead local authority area over time, sourced from the HPI. The four 11 ARGUS CLOSE sales between September 1999 and September 2019 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 September 2006 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the September 2019 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 11 ARGUS CLOSE be worth now?

11 ARGUS CLOSE might now be worth an estimated £234,622.

This is based on house price inflation of 30.4%, between September 2019 and April 2026, for semi-detached houses, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.4% inflationary increase is applied to the most recent sale price for 11 ARGUS CLOSE of £179,950 on 27th September 2019. For the value to have increased from £179,950 to £234,622 over the seven years and five months to April 2026, the following assumptions must hold true:

• The value of 11 ARGUS CLOSE has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The September 2019 sale price of £179,950 represented a fair market value for the property.
• The size, condition, and specification of 11 ARGUS CLOSE has not materially changed since September 2019.

How Large is 11 ARGUS CLOSE?

11 ARGUS CLOSE is 72m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the smallest 10% of semi-detached houses houses in Gateshead, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Gateshead, and where 11 ARGUS CLOSE lies on this distribution: 9% of semi-detached houses houses are smaller than 11 ARGUS CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

11 ARGUS CLOSE: Plot and Title Map

11 ARGUS CLOSE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 11 ARGUS 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 11 ARGUS 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 11 ARGUS CLOSE?

11 ARGUS CLOSE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 11 on ARGUS CLOSE.