3, GRESFORD CLOSE, HEBBURN, NE31 2BL - £294,995

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.

3 GRESFORD CLOSE is a large detached house of 120m², built in 2018, which could now be worth an estimated £366,354. It was last sold for £294,995 in November 2018, which was around 19% above the average November 2018 detached price in the South Tyneside local authority area. The most recent EPC inspection was October 2018, where the current energy rating was B, and the potential energy rating was A.

3 GRESFORD CLOSE Sold Prices

Land registry data shows one sale for 3 GRESFORD CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the South Tyneside local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 30 NOV	£294,995	£247,583	19% above HPI

What might 3 GRESFORD CLOSE be worth now?

3 GRESFORD CLOSE might now be worth an estimated £366,354.

This is based on house price inflation of 24.2%, between November 2018 and April 2026, for detached houses, in the South Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.2% inflationary increase is applied to the most recent sale price for 3 GRESFORD CLOSE of £294,995 on 30th November 2018. For the value to have increased from £294,995 to £366,354 over the eight years and seven months to April 2026, the following assumptions must hold true:

• The value of 3 GRESFORD CLOSE has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The November 2018 sale price of £294,995 represented a fair market value for the property.
• The size, condition, and specification of 3 GRESFORD CLOSE has not materially changed since November 2018.

How Large is 3 GRESFORD CLOSE?

3 GRESFORD CLOSE is 120m² according to the EPC inspection conducted in October 2018. This puts it in the largest 30% of detached houses in Hebburn, based on EPC data. The below chart shows the distribution of detached houses by size in Hebburn, and where 3 GRESFORD CLOSE lies on this distribution: 73% of detached houses are smaller than 3 GRESFORD CLOSE, and 27% of detached houses are larger. Note that EPC data is not available for all properties in Hebburn.

3 GRESFORD CLOSE: Plot

3 GRESFORD CLOSE sits on a plot of roughly 0.077 of an acre, or 313m².

Where is 3 GRESFORD CLOSE?

3 GRESFORD CLOSE is located in HEBBURN, in the NE31 postcode district.