43, SLALEY CLOSE, GATESHEAD, NE10 8TW - £49,950

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.

43 SLALEY CLOSE is a very small flat of 24m², built sometime between 1967 and 1975, which could now be worth an estimated £51,238. It was last sold for £49,950 in May 2007, which was around 48% below the average May 2007 flat price in the Gateshead local authority area. The most recent EPC inspection was November 2012, where the current energy rating was E, and the potential energy rating was C.

43 SLALEY CLOSE Sold Prices

Land registry data shows three sales for 43 SLALEY 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 43 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
2007 18 MAY	£49,950	£96,864	48% below HPI
2004 23 JAN	£32,950	£69,276	52% below HPI
1998 24 APR	£15,500	£29,594	48% below HPI

What might 43 SLALEY CLOSE be worth now?

43 SLALEY CLOSE might now be worth an estimated £51,238.

This is based on house price inflation of 2.6%, between May 2007 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 2.6% inflationary increase is applied to the most recent sale price for 43 SLALEY CLOSE of £49,950 on 18th May 2007. For the value to have increased from £49,950 to £51,238 over the nineteen years to May 2026, the following assumptions must hold true:

• The value of 43 SLALEY CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The May 2007 sale price of £49,950 represented a fair market value for the property.
• The size, condition, and specification of 43 SLALEY CLOSE has not materially changed since May 2007.

How Large is 43 SLALEY CLOSE?

43 SLALEY CLOSE is 24m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 10% of flats in Gateshead, based on EPC data. Less than 1% of flats are smaller than 43 SLALEY CLOSE, and more than 99% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

43 SLALEY CLOSE: Plot

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

Where is 43 SLALEY CLOSE?

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