72, REDGRAVE CLOSE, GATESHEAD, NE8 3JE - £179,900

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.

72 REDGRAVE CLOSE is a midsized extended terraced house of 109m², built sometime between 2003 and 2006, which could now be worth an estimated £220,414. It was last sold for £179,900 in May 2019, which was around 53% above the average May 2019 terraced price in the Gateshead local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was B.

72 REDGRAVE CLOSE Sold Prices

Land registry data shows three sales for 72 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 72 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
2019 17 MAY	£179,900	£117,466	53% above HPI
2006 4 AUG	£175,000	£113,321	54% above HPI
2004 31 AUG	£174,950	£97,070	80% above HPI

72 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 72 REDGRAVE CLOSE sales between August 2004 and May 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 August 2006 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the May 2019 sale, where it falls to 53% above the HPI. The line then continues to track at 53% above the HPI.

What might 72 REDGRAVE CLOSE be worth now?

72 REDGRAVE CLOSE might now be worth an estimated £220,414.

This is based on house price inflation of 22.5%, between May 2019 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 22.5% inflationary increase is applied to the most recent sale price for 72 REDGRAVE CLOSE of £179,900 on 17th May 2019. For the value to have increased from £179,900 to £220,414 over the five years and eleven months to June 2025, the following assumptions must hold true:

• The value of 72 REDGRAVE CLOSE has moved in line with the HPI for terraced houses in the Gateshead local authority area.
• The May 2019 sale price of £179,900 represented a fair market value for the property.
• The size, condition, and specification of 72 REDGRAVE CLOSE has not materially changed since May 2019.

How Large is 72 REDGRAVE CLOSE?

72 REDGRAVE CLOSE is 109m², which includes one extension, according to the EPC inspection conducted in August 2018. This puts it in the largest 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 72 REDGRAVE CLOSE lies on this distribution: 54% of terraced houses houses are smaller than 72 REDGRAVE CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

72 REDGRAVE CLOSE: Plot and Title Map

72 REDGRAVE CLOSE sits on a plot of roughly 0.034 of an acre, or 138m². The below map shows the location of 72 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 72 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 72 REDGRAVE CLOSE?

72 REDGRAVE CLOSE is located in GATESHEAD, in the NE8 postcode district. The below map shows the position of No. 72 on REDGRAVE CLOSE.