58, REDGRAVE CLOSE, GATESHEAD, NE8 3JE - £187,500

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.

58 REDGRAVE CLOSE is a midsized extended terraced house of 104m², built sometime between 2003 and 2006, which could now be worth an estimated £218,265. It was last sold for £187,500 in December 2020, which was around 52% above the average December 2020 terraced 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.

58 REDGRAVE CLOSE Sold Prices

Land registry data shows three sales for 58 REDGRAVE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Gateshead local authority area for the corresponding sale date. All of the three 58 REDGRAVE 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
2020 9 DEC	£187,500	£123,634	52% above HPI
2009 28 AUG	£164,000	£108,185	52% above HPI
2002 28 JUN	£85,850	£49,679	73% above HPI

58 REDGRAVE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Gateshead local authority area over time, sourced from the HPI. The three 58 REDGRAVE CLOSE sales between June 2002 and December 2020 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 August 2009 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the December 2020 sale, which was also at 52% above the HPI.

What might 58 REDGRAVE CLOSE be worth now?

58 REDGRAVE CLOSE might now be worth an estimated £218,265.

This is based on house price inflation of 16.4%, between December 2020 and June 2025, for terraced 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 16.4% inflationary increase is applied to the most recent sale price for 58 REDGRAVE CLOSE of £187,500 on 9th December 2020. For the value to have increased from £187,500 to £218,265 over the five years and six months to June 2025, the following assumptions must hold true:

• The value of 58 REDGRAVE CLOSE has moved in line with the HPI for terraced houses in the Gateshead local authority area.
• The December 2020 sale price of £187,500 represented a fair market value for the property.
• The size, condition, and specification of 58 REDGRAVE CLOSE has not materially changed since December 2020.

How Large is 58 REDGRAVE CLOSE?

58 REDGRAVE CLOSE is 104m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the smallest 50% of terraced houses houses in Gateshead, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Gateshead, and where 58 REDGRAVE CLOSE lies on this distribution: 48% of terraced houses houses are smaller than 58 REDGRAVE CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

58 REDGRAVE CLOSE: Plot and Title Map

58 REDGRAVE CLOSE sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 58 REDGRAVE 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 58 REDGRAVE 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 58 REDGRAVE CLOSE?

58 REDGRAVE CLOSE is located in GATESHEAD, in the NE8 postcode district. The below map shows the position of No. 58 on REDGRAVE CLOSE.