8, RENFORTH CLOSE, GATESHEAD, NE8 3JB - £125,000

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.

8 RENFORTH CLOSE is a very small terraced house of 83m², built sometime between 1996 and 2002, which could now be worth an estimated £180,950. It was last sold for £125,000 in May 2014, which was around 19% above the average May 2014 terraced price in the Gateshead local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

8 RENFORTH CLOSE Sold Prices

Land registry data shows three sales for 8 RENFORTH 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 8 RENFORTH 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
2014 30 MAY	£125,000	£104,609	19% above HPI
2008 1 FEB	£148,000	£120,348	23% above HPI
2002 20 AUG	£94,950	£51,993	83% above HPI

8 RENFORTH 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 8 RENFORTH CLOSE sales between August 2002 and May 2014 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 February 2008 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the May 2014 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 8 RENFORTH CLOSE be worth now?

8 RENFORTH CLOSE might now be worth an estimated £180,950.

This is based on house price inflation of 44.8%, between May 2014 and March 2026, 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 44.8% inflationary increase is applied to the most recent sale price for 8 RENFORTH CLOSE of £125,000 on 30th May 2014. For the value to have increased from £125,000 to £180,950 over the twelve years and two months to March 2026, the following assumptions must hold true:

• The value of 8 RENFORTH CLOSE has moved in line with the HPI for terraced houses in the Gateshead local authority area.
• The May 2014 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 8 RENFORTH CLOSE has not materially changed since May 2014.

How Large is 8 RENFORTH CLOSE?

8 RENFORTH CLOSE is 83m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 20% 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 8 RENFORTH CLOSE lies on this distribution: 20% of terraced houses houses are smaller than 8 RENFORTH CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

8 RENFORTH CLOSE: Plot and Title Map

8 RENFORTH CLOSE sits on a plot of roughly 0.104 of an acre, or 419m². The below map shows the location of 8 RENFORTH 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 RENFORTH 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 RENFORTH CLOSE?

8 RENFORTH CLOSE is located in GATESHEAD, in the NE8 postcode district. The below map shows the position of No. 8 on RENFORTH CLOSE.