56, SLALEY CLOSE, GATESHEAD, NE10 8TW - £54,000

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 SLALEY CLOSE is a very small flat of 35m², built sometime between 1983 and 1990, which could now be worth an estimated £60,810. It was last sold for £54,000 in August 2017, which was around 37% below the average August 2017 flat price in the Gateshead local authority area. The most recent EPC inspection was March 2023, where the current energy rating was E, and the potential energy rating was C.

56 SLALEY CLOSE Sold Prices

Land registry data shows two sales for 56 SLALEY 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 56 SLALEY CLOSE sales were 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
2017 18 AUG	£54,000	£86,083	37% below HPI
2011 17 JUN	£45,000	£78,486	43% below HPI

What might 56 SLALEY CLOSE be worth now?

56 SLALEY CLOSE might now be worth an estimated £60,810.

This is based on house price inflation of 12.6%, between August 2017 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 12.6% inflationary increase is applied to the most recent sale price for 56 SLALEY CLOSE of £54,000 on 18th August 2017. For the value to have increased from £54,000 to £60,810 over the nine years and five months to March 2026, the following assumptions must hold true:

• The value of 56 SLALEY CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The August 2017 sale price of £54,000 represented a fair market value for the property.
• The size, condition, and specification of 56 SLALEY CLOSE has not materially changed since August 2017.

How Large is 56 SLALEY CLOSE?

56 SLALEY CLOSE is 35m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 10% of flats in Gateshead, based on EPC data. 2% of flats are smaller than 56 SLALEY CLOSE, and 98% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

56 SLALEY CLOSE: Plot

56 SLALEY CLOSE sits on a plot of roughly 0.041 of an acre, or 165m².

Where is 56 SLALEY CLOSE?

56 SLALEY CLOSE is located in GATESHEAD, in the NE10 postcode district.