22, RENFORTH CLOSE, GATESHEAD, NE8 3JB - £100,000

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.

22 RENFORTH CLOSE is a small flat of 55m², built sometime between 1996 and 2002, which could now be worth an estimated £121,694. It was last sold for £100,000 in September 2015, which was around 23% above the average September 2015 flat price in the Gateshead local authority area. The most recent EPC inspection was February 2011, where the current energy rating was C, and the potential energy rating was B.

22 RENFORTH CLOSE Sold Prices

Land registry data shows two sales for 22 RENFORTH CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Gateshead local authority area for the corresponding sale date. Both of the two 22 RENFORTH 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 29 SEP	£100,000	£81,266	23% above HPI
2002 24 JUN	£78,950	£42,218	87% above HPI

What might 22 RENFORTH CLOSE be worth now?

22 RENFORTH CLOSE might now be worth an estimated £121,694.

This is based on house price inflation of 21.7%, between September 2015 and April 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 21.7% inflationary increase is applied to the most recent sale price for 22 RENFORTH CLOSE of £100,000 on 29th September 2015. For the value to have increased from £100,000 to £121,694 over the eleven years and five months to April 2026, the following assumptions must hold true:

• The value of 22 RENFORTH CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The September 2015 sale price of £100,000 represented a fair market value for the property.
• The size, condition, and specification of 22 RENFORTH CLOSE has not materially changed since September 2015.

How Large is 22 RENFORTH CLOSE?

22 RENFORTH CLOSE is 55m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 30% of flats in Gateshead, based on EPC data. 22% of flats are smaller than 22 RENFORTH CLOSE, and 78% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

22 RENFORTH CLOSE: Plot

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

Where is 22 RENFORTH CLOSE?

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