123, REDGRAVE CLOSE, GATESHEAD, NE8 3JT - £103,000

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.

123 REDGRAVE CLOSE is a small flat of 57m², built sometime between 1996 and 2002, which could now be worth an estimated £104,874. It was last sold for £103,000 in August 2008, which was around 8% above the average August 2008 flat price in the Gateshead local authority area. The most recent EPC inspection was July 2018, where the current energy rating was B, and the potential energy rating was B.

123 REDGRAVE CLOSE Sold Prices

Land registry data shows three sales for 123 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 123 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
2008 8 AUG	£103,000	£95,207	8% above HPI
2005 16 DEC	£103,000	£88,073	17% above HPI
2003 29 SEP	£95,950	£61,526	56% above HPI

What might 123 REDGRAVE CLOSE be worth now?

123 REDGRAVE CLOSE might now be worth an estimated £104,874.

This is based on house price inflation of 1.8%, between August 2008 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 1.8% inflationary increase is applied to the most recent sale price for 123 REDGRAVE CLOSE of £103,000 on 8th August 2008. For the value to have increased from £103,000 to £104,874 over the eighteen years and five months to March 2026, the following assumptions must hold true:

• The value of 123 REDGRAVE CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The August 2008 sale price of £103,000 represented a fair market value for the property.
• The size, condition, and specification of 123 REDGRAVE CLOSE has not materially changed since August 2008.

How Large is 123 REDGRAVE CLOSE?

123 REDGRAVE CLOSE is 57m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 30% of flats in Gateshead, based on EPC data. 25% of flats are smaller than 123 REDGRAVE CLOSE, and 72% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

123 REDGRAVE CLOSE: Plot

123 REDGRAVE CLOSE sits on a plot of roughly 0.427 of an acre, or 1,729m².

Where is 123 REDGRAVE CLOSE?

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