5, RENFORTH CLOSE, GATESHEAD, NE8 3JF - £100,000

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.

5 RENFORTH CLOSE is a very small flat of 55m², built sometime between 1996 and 2002, which could now be worth an estimated £101,558. It was last sold for £100,000 in July 2022, which was around 3% above the average July 2022 flat price in the Gateshead local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was C.

5 RENFORTH CLOSE Sold Prices

Land registry data shows five sales for 5 RENFORTH 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. All of the five 5 RENFORTH 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
2022 22 JUL	£100,000	£97,379	3% above HPI
2018 15 JUN	£89,500	£84,126	6% above HPI
2014 5 SEP	£87,500	£82,238	6% above HPI
2004 27 MAY	£103,000	£73,376	40% above HPI
2002 31 OCT	£77,950	£44,449	75% above HPI

What might 5 RENFORTH CLOSE be worth now?

5 RENFORTH CLOSE might now be worth an estimated £101,558.

This is based on house price inflation of 1.6%, between July 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 1.6% inflationary increase is applied to the most recent sale price for 5 RENFORTH CLOSE of £100,000 on 22nd July 2022. For the value to have increased from £100,000 to £101,558 over the four years and three months to April 2026, the following assumptions must hold true:

• The value of 5 RENFORTH CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The July 2022 sale price of £100,000 represented a fair market value for the property.
• The size, condition, and specification of 5 RENFORTH CLOSE has not materially changed since July 2022.

How Large is 5 RENFORTH CLOSE?

5 RENFORTH CLOSE is 55m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 20% of flats in Gateshead, based on EPC data. 19% of flats are smaller than 5 RENFORTH CLOSE, and 78% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

5 RENFORTH CLOSE: Plot

5 RENFORTH CLOSE sits on a plot of roughly 0.484 of an acre, or 1,957m².

Where is 5 RENFORTH CLOSE?

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