3, RINGLET CLOSE, GATESHEAD, NE11 9NF - £204,000

3 RINGLET CLOSE is a very small detached house of 81m², built sometime between 1991 and 1995. It was last sold for £204,000 in November 2015, which was around 6% below the average November 2015 detached price in the Gateshead local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was C.

3 RINGLET CLOSE Sold Prices

Land registry data shows three sales for 3 RINGLET 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 Gateshead local authority area for the corresponding sale date. Two of the three 3 RINGLET CLOSE sales were for below the average price, whilst one was 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
2015 13 NOV	£204,000	£217,735	6% below HPI
2003 17 DEC	£167,000	£168,834	1% below HPI
2001 23 FEB	£93,995	£92,468	2% above HPI

3 RINGLET CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gateshead local authority area over time, sourced from the HPI. The three 3 RINGLET CLOSE sales between February 2001 and November 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 December 2003 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the November 2015 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 3 RINGLET CLOSE?

3 RINGLET CLOSE is 81m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 20% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 3 RINGLET CLOSE lies on this distribution: 19% of detached houses are smaller than 3 RINGLET CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

3 RINGLET CLOSE: Plot and Title Map

3 RINGLET CLOSE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 3 RINGLET 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 3 RINGLET 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 3 RINGLET CLOSE?

3 RINGLET CLOSE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 3 on RINGLET CLOSE.