45, REDGRAVE CLOSE, GATESHEAD, NE8 3JD - £70,000

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.

45 REDGRAVE CLOSE is a very small flat of 54m², built sometime between 2007 and 2011, which could now be worth an estimated £73,032. It was last sold for £70,000 in February 2024, which was around 26% below the average February 2024 flat price in the Gateshead local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was C.

45 REDGRAVE CLOSE Sold Prices

Land registry data shows five sales for 45 REDGRAVE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average flat price in the Gateshead local authority area for the corresponding sale date. Most of the five 45 REDGRAVE 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
2024 29 FEB	£70,000	£95,237	26% below HPI
2017 20 JAN	£95,000	£81,676	16% above HPI
2008 22 JAN	£105,500	£102,243	3% above HPI
2004 27 FEB	£95,000	£68,733	38% above HPI
2002 28 JUN	£71,950	£42,218	70% above HPI

What might 45 REDGRAVE CLOSE be worth now?

45 REDGRAVE CLOSE might now be worth an estimated £73,032.

This is based on house price inflation of 4.3%, between February 2024 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 4.3% inflationary increase is applied to the most recent sale price for 45 REDGRAVE CLOSE of £70,000 on 29th February 2024. For the value to have increased from £70,000 to £73,032 over the one year and nine months to May 2026, the following assumptions must hold true:

• The value of 45 REDGRAVE CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The February 2024 sale price of £70,000 represented a fair market value for the property.
• The size, condition, and specification of 45 REDGRAVE CLOSE has not materially changed since February 2024.

How Large is 45 REDGRAVE CLOSE?

45 REDGRAVE CLOSE is 54m² according to the EPC inspection conducted in May 2023. This puts it in the smallest 20% of flats in Gateshead, based on EPC data. 17% of flats are smaller than 45 REDGRAVE CLOSE, and 81% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

45 REDGRAVE CLOSE: Plot

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

Where is 45 REDGRAVE CLOSE?

45 REDGRAVE CLOSE is located in GATESHEAD, in the NE8 postcode district.