115, REDEMARSH, GATESHEAD, NE10 8PT - £73,000

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.

115 REDEMARSH is a very small semi-detached house of 66m², built sometime between 1950 and 1966, which could now be worth an estimated £97,165. It was last sold for £73,000 in May 2018, which was around 47% below the average May 2018 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was C.

115 REDEMARSH Sold Prices

Land registry data shows one sale for 115 REDEMARSH since 1^st January 1995. The below table shows the price paid for the one sale, along with the average semi-detached price in the Gateshead local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 30 MAY	£73,000	£138,854	47% below HPI

What might 115 REDEMARSH be worth now?

115 REDEMARSH might now be worth an estimated £97,165.

This is based on house price inflation of 33.1%, between May 2018 and May 2026, for semi-detached 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 33.1% inflationary increase is applied to the most recent sale price for 115 REDEMARSH of £73,000 on 30th May 2018. For the value to have increased from £73,000 to £97,165 over the eight years to May 2026, the following assumptions must hold true:

• The value of 115 REDEMARSH has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The May 2018 sale price of £73,000 represented a fair market value for the property.
• The size, condition, and specification of 115 REDEMARSH has not materially changed since May 2018.

How Large is 115 REDEMARSH?

115 REDEMARSH is 66m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 20% of semi-detached houses in Gateshead, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Gateshead, and where 115 REDEMARSH lies on this distribution: 14% of semi-detached houses are smaller than 115 REDEMARSH, and 84% of semi-detached houses are larger. Note that EPC data is not available for all properties in Gateshead.

115 REDEMARSH: Plot

115 REDEMARSH sits on a plot of roughly 0.035 of an acre, or 140m².

Where is 115 REDEMARSH?

115 REDEMARSH is located in GATESHEAD, in the NE10 postcode district.