5, REDGRAVE CLOSE, GATESHEAD, NE8 3JD - £90,500

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.

5 REDGRAVE CLOSE is a very small flat of 51m², built sometime between 1996 and 2002, which could now be worth an estimated £105,534. It was last sold for £90,500 in January 2019, which was around 6% above the average January 2019 flat price in the Gateshead local authority area. The most recent EPC inspection was August 2009, where the current energy rating was B, and the potential energy rating was B.

5 REDGRAVE CLOSE Sold Prices

Land registry data shows two sales for 5 REDGRAVE 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. Both of the two 5 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
2019 21 JAN	£90,500	£85,207	6% above HPI
2002 31 MAY	£72,450	£40,745	78% above HPI

What might 5 REDGRAVE CLOSE be worth now?

5 REDGRAVE CLOSE might now be worth an estimated £105,534.

This is based on house price inflation of 16.6%, between January 2019 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 16.6% inflationary increase is applied to the most recent sale price for 5 REDGRAVE CLOSE of £90,500 on 21st January 2019. For the value to have increased from £90,500 to £105,534 over the six years and eight months to May 2026, the following assumptions must hold true:

• The value of 5 REDGRAVE CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The January 2019 sale price of £90,500 represented a fair market value for the property.
• The size, condition, and specification of 5 REDGRAVE CLOSE has not materially changed since January 2019.

How Large is 5 REDGRAVE CLOSE?

5 REDGRAVE CLOSE is 51m² according to the EPC inspection conducted in August 2009. This puts it in the smallest 20% of flats in Gateshead, based on EPC data. 13% of flats are smaller than 5 REDGRAVE CLOSE, and 87% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

5 REDGRAVE CLOSE: Plot

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

Where is 5 REDGRAVE CLOSE?

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