45, RENFORTH CLOSE, GATESHEAD, NE8 3JF - £76,000

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 RENFORTH CLOSE is a small flat of 56m², built sometime between 2003 and 2006, which could now be worth an estimated £79,280. It was last sold for £76,000 in May 2022, which was around 20% below the average May 2022 flat price in the Gateshead local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was C.

45 RENFORTH CLOSE Sold Prices

Land registry data shows two sales for 45 RENFORTH CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Gateshead local authority area for the corresponding sale date. One of the two 45 RENFORTH CLOSE sales was for below the average price, whilst the other was 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
2022 4 MAY	£76,000	£94,805	20% below HPI
2004 25 MAR	£102,450	£68,100	50% above HPI

What might 45 RENFORTH CLOSE be worth now?

45 RENFORTH CLOSE might now be worth an estimated £79,280.

This is based on house price inflation of 4.3%, between May 2022 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 4.3% inflationary increase is applied to the most recent sale price for 45 RENFORTH CLOSE of £76,000 on 4th May 2022. For the value to have increased from £76,000 to £79,280 over the four years and one month to April 2026, the following assumptions must hold true:

• The value of 45 RENFORTH CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The May 2022 sale price of £76,000 represented a fair market value for the property.
• The size, condition, and specification of 45 RENFORTH CLOSE has not materially changed since May 2022.

How Large is 45 RENFORTH CLOSE?

45 RENFORTH CLOSE is 56m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 30% of flats in Gateshead, based on EPC data. 22% of flats are smaller than 45 RENFORTH CLOSE, and 75% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

45 RENFORTH CLOSE: Plot

45 RENFORTH CLOSE sits on a plot of roughly 0.157 of an acre, or 634m².

Where is 45 RENFORTH CLOSE?

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