12, RENFORTH CLOSE, GATESHEAD, NE8 3JB - £74,500

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.

12 RENFORTH CLOSE is a very small flat of 54m², built sometime between 1996 and 2002, which could now be worth an estimated £87,742. It was last sold for £74,500 in February 2020, which was around 9% below the average February 2020 flat price in the Gateshead local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was C.

12 RENFORTH CLOSE Sold Prices

Land registry data shows three sales for 12 RENFORTH 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. One of the three 12 RENFORTH CLOSE sales was for below the average price, whilst two 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
2020 4 FEB	£74,500	£82,309	9% below HPI
2004 26 MAR	£102,000	£68,100	50% above HPI
2002 28 JUN	£71,950	£42,218	70% above HPI

What might 12 RENFORTH CLOSE be worth now?

12 RENFORTH CLOSE might now be worth an estimated £87,742.

This is based on house price inflation of 17.8%, between February 2020 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 17.8% inflationary increase is applied to the most recent sale price for 12 RENFORTH CLOSE of £74,500 on 4th February 2020. For the value to have increased from £74,500 to £87,742 over the five years and eleven months to March 2026, the following assumptions must hold true:

• The value of 12 RENFORTH CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The February 2020 sale price of £74,500 represented a fair market value for the property.
• The size, condition, and specification of 12 RENFORTH CLOSE has not materially changed since February 2020.

How Large is 12 RENFORTH CLOSE?

12 RENFORTH CLOSE is 54m² according to the EPC inspection conducted in February 2024. This puts it in the smallest 20% of flats in Gateshead, based on EPC data. 17% of flats are smaller than 12 RENFORTH CLOSE, and 81% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

12 RENFORTH CLOSE: Plot

12 RENFORTH CLOSE sits on a plot of roughly 0.694 of an acre, or 2,810m².

Where is 12 RENFORTH CLOSE?

12 RENFORTH CLOSE is located in GATESHEAD, in the NE8 postcode district.