38, SLALEY CLOSE, GATESHEAD, NE10 8TW - £23,950

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.

38 SLALEY CLOSE is a very small flat of 24m², built sometime between 1976 and 1982, which could now be worth an estimated £38,791. It was last sold for £23,950 in October 2003, which was around 61% below the average October 2003 flat price in the Gateshead local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was C.

38 SLALEY CLOSE Sold Prices

Land registry data shows four sales for 38 SLALEY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average flat price in the Gateshead local authority area for the corresponding sale date. All of the four 38 SLALEY CLOSE sales were for below 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
2003 21 OCT	£23,950	£61,347	61% below HPI
2002 18 OCT	£21,500	£44,449	52% below HPI
2001 21 SEP	£14,000	£36,079	61% below HPI
1998 1 MAY	£14,000	£29,745	53% below HPI

What might 38 SLALEY CLOSE be worth now?

38 SLALEY CLOSE might now be worth an estimated £38,791.

This is based on house price inflation of 62%, between October 2003 and May 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 62% inflationary increase is applied to the most recent sale price for 38 SLALEY CLOSE of £23,950 on 21st October 2003. For the value to have increased from £23,950 to £38,791 over the 23 years and five months to May 2026, the following assumptions must hold true:

• The value of 38 SLALEY CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The October 2003 sale price of £23,950 represented a fair market value for the property.
• The size, condition, and specification of 38 SLALEY CLOSE has not materially changed since October 2003.

How Large is 38 SLALEY CLOSE?

38 SLALEY CLOSE is 24m² according to the EPC inspection conducted in February 2023. This puts it in the smallest 10% of flats in Gateshead, based on EPC data. Less than 1% of flats are smaller than 38 SLALEY CLOSE, and more than 99% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

38 SLALEY CLOSE: Plot

38 SLALEY CLOSE sits on a plot of roughly 0.186 of an acre, or 754m².

Where is 38 SLALEY CLOSE?

38 SLALEY CLOSE is located in GATESHEAD, in the NE10 postcode district.