24, RENFORTH CLOSE, GATESHEAD, NE8 3JB - £85,000

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.

24 RENFORTH CLOSE is a small flat of 56m², built sometime between 1996 and 2002, which could now be worth an estimated £103,553. It was last sold for £85,000 in October 2010, which was around 5% above the average October 2010 flat price in the Gateshead local authority area. The most recent EPC inspection was May 2010, where the current energy rating was C, and the potential energy rating was B.

24 RENFORTH CLOSE Sold Prices

Land registry data shows three sales for 24 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. All of the three 24 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
2010 22 OCT	£85,000	£81,177	5% above HPI
2004 11 FEB	£109,000	£68,733	59% above HPI
2002 26 JUN	£78,950	£42,218	87% above HPI

What might 24 RENFORTH CLOSE be worth now?

24 RENFORTH CLOSE might now be worth an estimated £103,553.

This is based on house price inflation of 21.8%, between October 2010 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 21.8% inflationary increase is applied to the most recent sale price for 24 RENFORTH CLOSE of £85,000 on 22nd October 2010. For the value to have increased from £85,000 to £103,553 over the sixteen years and six months to April 2026, the following assumptions must hold true:

• The value of 24 RENFORTH CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The October 2010 sale price of £85,000 represented a fair market value for the property.
• The size, condition, and specification of 24 RENFORTH CLOSE has not materially changed since October 2010.

How Large is 24 RENFORTH CLOSE?

24 RENFORTH CLOSE is 56m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 30% of flats in Gateshead, based on EPC data. 22% of flats are smaller than 24 RENFORTH CLOSE, and 78% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

24 RENFORTH CLOSE: Plot

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

Where is 24 RENFORTH CLOSE?

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