107, REDGRAVE CLOSE, GATESHEAD, NE8 3JD - £90,000

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.

107 REDGRAVE CLOSE is a small flat of 62m², built sometime between 1996 and 2002, which could now be worth an estimated £109,334. It was last sold for £90,000 in August 2015, which was around 13% above the average August 2015 flat price in the Gateshead local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was C.

107 REDGRAVE CLOSE Sold Prices

Land registry data shows three sales for 107 REDGRAVE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Gateshead local authority area for the corresponding sale date. All of the three 107 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
2015 10 AUG	£90,000	£79,797	13% above HPI
2007 27 JUN	£117,000	£99,061	18% above HPI
2002 29 OCT	£84,950	£44,449	91% above HPI

What might 107 REDGRAVE CLOSE be worth now?

107 REDGRAVE CLOSE might now be worth an estimated £109,334.

This is based on house price inflation of 21.5%, between August 2015 and March 2026, for flats, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.5% inflationary increase is applied to the most recent sale price for 107 REDGRAVE CLOSE of £90,000 on 10th August 2015. For the value to have increased from £90,000 to £109,334 over the eleven years and five months to March 2026, the following assumptions must hold true:

• The value of 107 REDGRAVE CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The August 2015 sale price of £90,000 represented a fair market value for the property.
• The size, condition, and specification of 107 REDGRAVE CLOSE has not materially changed since August 2015.

How Large is 107 REDGRAVE CLOSE?

107 REDGRAVE CLOSE is 62m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 40% of flats in Gateshead, based on EPC data. 40% of flats are smaller than 107 REDGRAVE CLOSE, and 57% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

107 REDGRAVE CLOSE: Plot

107 REDGRAVE CLOSE sits on a plot of roughly 0.484 of an acre, or 1,957m².

Where is 107 REDGRAVE CLOSE?

107 REDGRAVE CLOSE is located in GATESHEAD, in the NE8 postcode district.