58, RENFORTH CLOSE, GATESHEAD, NE8 3JB - £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.

58 RENFORTH CLOSE is a very small flat of 54m², built sometime between 2003 and 2006, which could now be worth an estimated £101,247. It was last sold for £100,000 in July 2023, which was around 2% above the average July 2023 flat price in the Gateshead local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was C.

58 RENFORTH CLOSE Sold Prices

Land registry data shows two sales for 58 RENFORTH 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 58 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
2023 12 JUL	£100,000	£97,678	2% above HPI
2004 24 SEP	£104,950	£82,292	28% above HPI

What might 58 RENFORTH CLOSE be worth now?

58 RENFORTH CLOSE might now be worth an estimated £101,247.

This is based on house price inflation of 1.2%, between July 2023 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 1.2% inflationary increase is applied to the most recent sale price for 58 RENFORTH CLOSE of £100,000 on 12th July 2023. For the value to have increased from £100,000 to £101,247 over the three years and three months to April 2026, the following assumptions must hold true:

• The value of 58 RENFORTH CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The July 2023 sale price of £100,000 represented a fair market value for the property.
• The size, condition, and specification of 58 RENFORTH CLOSE has not materially changed since July 2023.

How Large is 58 RENFORTH CLOSE?

58 RENFORTH CLOSE is 54m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 20% of flats in Gateshead, based on EPC data. 17% of flats are smaller than 58 RENFORTH CLOSE, and 81% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

58 RENFORTH CLOSE: Plot

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

Where is 58 RENFORTH CLOSE?

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