60, CHAUCER CLOSE, GATESHEAD, NE8 3NG - £114,000

60 CHAUCER CLOSE is a very small detached house of 45m², built sometime between 1991 and 1995. It was last sold for £114,000 in January 2016, which was around 48% below the average January 2016 detached price in the Gateshead local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

60 CHAUCER CLOSE Sold Prices

Land registry data shows three sales for 60 CHAUCER 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. All of the three 60 CHAUCER CLOSE sales were for below 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
2016 26 JAN	£114,000	£220,729	48% below HPI
2004 1 OCT	£125,500	£193,845	35% below HPI
1998 7 AUG	£52,000	£78,203	34% below HPI

60 CHAUCER 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 60 CHAUCER CLOSE sales between August 1998 and January 2016 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 October 2004 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the January 2016 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 60 CHAUCER CLOSE?

60 CHAUCER CLOSE is 45m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 60 CHAUCER CLOSE lies on this distribution: Less than 1% of detached houses are smaller than 60 CHAUCER CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

60 CHAUCER CLOSE: Plot and Title Map

60 CHAUCER CLOSE sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 60 CHAUCER 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 60 CHAUCER 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 60 CHAUCER CLOSE?

60 CHAUCER CLOSE is located in GATESHEAD, in the NE8 postcode district. The below map shows the position of No. 60 on CHAUCER CLOSE.