6, ARGUS CLOSE, GATESHEAD, NE11 9TA - £170,000

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.

6 ARGUS CLOSE is a very small semi-detached house of 71m², built sometime between 1991 and 1995, which could now be worth an estimated £229,660. It was last sold for £170,000 in May 2020, which was around 24% above the average May 2020 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

6 ARGUS CLOSE Sold Prices

Land registry data shows two sales for 6 ARGUS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Gateshead local authority area for the corresponding sale date. Both of the two 6 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
2020 7 MAY	£170,000	£136,984	24% above HPI
2000 27 MAY	£65,000	£47,593	37% above HPI

6 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 two 6 ARGUS CLOSE sales from May 2000 and May 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 May 2000 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the May 2020 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 6 ARGUS CLOSE be worth now?

6 ARGUS CLOSE might now be worth an estimated £229,660.

This is based on house price inflation of 35.1%, between May 2020 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 35.1% inflationary increase is applied to the most recent sale price for 6 ARGUS CLOSE of £170,000 on 7th May 2020. For the value to have increased from £170,000 to £229,660 over the six years and one month to April 2026, the following assumptions must hold true:

• The value of 6 ARGUS CLOSE has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The May 2020 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 6 ARGUS CLOSE has not materially changed since May 2020.

How Large is 6 ARGUS CLOSE?

6 ARGUS CLOSE is 71m² according to the EPC inspection conducted in January 2020. 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 6 ARGUS CLOSE lies on this distribution: 8% of semi-detached houses houses are smaller than 6 ARGUS CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

6 ARGUS CLOSE: Plot and Title Map

6 ARGUS CLOSE sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 6 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 6 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 6 ARGUS CLOSE?

6 ARGUS CLOSE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 6 on ARGUS CLOSE.