54, RENFORTH CLOSE, GATESHEAD, NE8 3JB - £95,000

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.

54 RENFORTH CLOSE is a very small flat of 55m², built sometime between 2003 and 2006, which could now be worth an estimated £114,638. It was last sold for £95,000 in August 2014, which was around 16% above the average August 2014 flat price in the Gateshead local authority area. The most recent EPC inspection was June 2014, where the current energy rating was B, and the potential energy rating was B.

54 RENFORTH CLOSE Sold Prices

Land registry data shows three sales for 54 RENFORTH 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 54 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
2014 29 AUG	£95,000	£81,955	16% above HPI
2006 30 AUG	£114,950	£93,832	23% above HPI
2004 27 SEP	£102,950	£82,292	25% above HPI

What might 54 RENFORTH CLOSE be worth now?

54 RENFORTH CLOSE might now be worth an estimated £114,638.

This is based on house price inflation of 20.7%, between August 2014 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 20.7% inflationary increase is applied to the most recent sale price for 54 RENFORTH CLOSE of £95,000 on 29th August 2014. For the value to have increased from £95,000 to £114,638 over the twelve years and four months to April 2026, the following assumptions must hold true:

• The value of 54 RENFORTH CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The August 2014 sale price of £95,000 represented a fair market value for the property.
• The size, condition, and specification of 54 RENFORTH CLOSE has not materially changed since August 2014.

How Large is 54 RENFORTH CLOSE?

54 RENFORTH CLOSE is 55m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 20% of flats in Gateshead, based on EPC data. 19% of flats are smaller than 54 RENFORTH CLOSE, and 78% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

54 RENFORTH CLOSE: Plot

54 RENFORTH CLOSE sits on a plot of roughly 0.139 of an acre, or 561m².

Where is 54 RENFORTH CLOSE?

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