15, REDGRAVE CLOSE, GATESHEAD, NE8 3JD - £95,000

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.

15 REDGRAVE CLOSE is a small flat of 56m², built sometime between 2003 and 2006, which could now be worth an estimated £99,052. It was last sold for £95,000 in April 2022, which was around 2% above the average April 2022 flat price in the Gateshead local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was C.

15 REDGRAVE CLOSE Sold Prices

Land registry data shows three sales for 15 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 15 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
2022 11 APR	£95,000	£92,973	2% above HPI
2008 8 DEC	£105,000	£87,580	20% above HPI
2002 5 JUL	£82,450	£43,340	90% above HPI

What might 15 REDGRAVE CLOSE be worth now?

15 REDGRAVE CLOSE might now be worth an estimated £99,052.

This is based on house price inflation of 4.3%, between April 2022 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 4.3% inflationary increase is applied to the most recent sale price for 15 REDGRAVE CLOSE of £95,000 on 11th April 2022. For the value to have increased from £95,000 to £99,052 over the four years and one month to March 2026, the following assumptions must hold true:

• The value of 15 REDGRAVE CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The April 2022 sale price of £95,000 represented a fair market value for the property.
• The size, condition, and specification of 15 REDGRAVE CLOSE has not materially changed since April 2022.

How Large is 15 REDGRAVE CLOSE?

15 REDGRAVE CLOSE is 56m² according to the EPC inspection conducted in May 2020. This puts it in the smallest 30% of flats in Gateshead, based on EPC data. 22% of flats are smaller than 15 REDGRAVE CLOSE, and 75% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

15 REDGRAVE CLOSE: Plot

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

Where is 15 REDGRAVE CLOSE?

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