56, RENFORTH CLOSE, GATESHEAD, NE8 3JB - £110,000

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.

56 RENFORTH CLOSE is a very small flat of 55m², built sometime between 2003 and 2006, which could now be worth an estimated £109,384. It was last sold for £110,000 in September 2007, which was around 11% above the average September 2007 flat price in the Gateshead local authority area. The most recent EPC inspection was January 2021, where the current energy rating was C, and the potential energy rating was C.

56 RENFORTH CLOSE Sold Prices

Land registry data shows three sales for 56 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. Two of the three 56 RENFORTH CLOSE sales were for above the average price, whilst one was for below 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
2007 3 SEP	£110,000	£99,453	11% above HPI
2006 9 JUN	£52,777	£92,012	43% below HPI
2004 27 SEP	£104,950	£82,292	28% above HPI

What might 56 RENFORTH CLOSE be worth now?

56 RENFORTH CLOSE might now be worth an estimated £109,384.

This is based on house price deflation of 0.6%, between September 2007 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 0.6% deflationary decrease is applied to the most recent sale price for 56 RENFORTH CLOSE of £110,000 on 3rd September 2007. For the value to have decreased from £110,000 to £109,384 over the nineteen years and five months to April 2026, the following assumptions must hold true:

• The value of 56 RENFORTH CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The September 2007 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of 56 RENFORTH CLOSE has not materially changed since September 2007.

How Large is 56 RENFORTH CLOSE?

56 RENFORTH CLOSE is 55m² according to the EPC inspection conducted in January 2021. This puts it in the smallest 20% of flats in Gateshead, based on EPC data. 19% of flats are smaller than 56 RENFORTH CLOSE, and 78% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

56 RENFORTH CLOSE: Plot

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

Where is 56 RENFORTH CLOSE?

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