55, KELLS LANE, GATESHEAD, NE9 5SJ - £118,000

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.

55 KELLS LANE is a flat, which could now be worth an estimated £120,656. It was last sold for £118,000 in May 2022, which was around 24% above the average May 2022 flat price in the Gateshead local authority area.

55 KELLS LANE Sold Prices

Land registry data shows one sale for 55 KELLS LANE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average flat price in the Gateshead local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 9 MAY	£118,000	£94,805	24% above HPI

What might 55 KELLS LANE be worth now?

55 KELLS LANE might now be worth an estimated £120,656.

This is based on house price inflation of 2.3%, between May 2022 and March 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 2.3% inflationary increase is applied to the most recent sale price for 55 KELLS LANE of £118,000 on 9th May 2022. For the value to have increased from £118,000 to £120,656 over the four years and two months to March 2026, the following assumptions must hold true:

• The value of 55 KELLS LANE has moved in line with the HPI for flats in the Gateshead local authority area.
• The May 2022 sale price of £118,000 represented a fair market value for the property.
• The size, condition, and specification of 55 KELLS LANE has not materially changed since May 2022.

Where is 55 KELLS LANE?

55 KELLS LANE is located in GATESHEAD, in the NE9 postcode district.