8, ARGUS CLOSE, GATESHEAD, NE11 9TA - £145,000

8 ARGUS CLOSE is a very small detached house of 59m², built sometime between 1991 and 1995. It was last sold for £145,000 in May 2005, which was around 23% below the average May 2005 detached price in the Gateshead local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

8 ARGUS CLOSE Sold Prices

Land registry data shows two sales for 8 ARGUS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. Both of the two 8 ARGUS 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
2005 13 MAY	£145,000	£188,609	23% below HPI
1995 30 JUN	£45,950	£73,132	37% below HPI

8 ARGUS 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 two 8 ARGUS CLOSE sales from June 1995 and May 2005 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 June 1995 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the May 2005 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 8 ARGUS CLOSE?

8 ARGUS CLOSE is 59m² according to the EPC inspection conducted in November 2015. 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 8 ARGUS CLOSE lies on this distribution: 3% of detached houses are smaller than 8 ARGUS CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

8 ARGUS CLOSE: Plot and Title Map

8 ARGUS CLOSE sits on a plot of roughly 0.086 of an acre, or 346m². The below map shows the location of 8 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 8 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 8 ARGUS CLOSE?

8 ARGUS CLOSE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 8 on ARGUS CLOSE.