59, RENFORTH CLOSE, GATESHEAD, NE8 3JF - £115,000

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.

59 RENFORTH CLOSE is a very small flat of 55m², built sometime between 1996 and 2002, which could now be worth an estimated £113,694. It was last sold for £115,000 in February 2008, which was around 15% above the average February 2008 flat price in the Gateshead local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was C.

59 RENFORTH CLOSE Sold Prices

Land registry data shows two sales for 59 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 59 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
2008 15 FEB	£115,000	£100,032	15% above HPI
2004 29 MAR	£104,450	£68,100	53% above HPI

What might 59 RENFORTH CLOSE be worth now?

59 RENFORTH CLOSE might now be worth an estimated £113,694.

This is based on house price deflation of 1.1%, between February 2008 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 1.1% deflationary decrease is applied to the most recent sale price for 59 RENFORTH CLOSE of £115,000 on 15th February 2008. For the value to have decreased from £115,000 to £113,694 over the seventeen years and ten months to April 2026, the following assumptions must hold true:

• The value of 59 RENFORTH CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The February 2008 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 59 RENFORTH CLOSE has not materially changed since February 2008.

How Large is 59 RENFORTH CLOSE?

59 RENFORTH CLOSE is 55m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 20% of flats in Gateshead, based on EPC data. 19% of flats are smaller than 59 RENFORTH CLOSE, and 78% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

59 RENFORTH CLOSE: Plot

59 RENFORTH CLOSE sits on a plot of roughly 0.157 of an acre, or 634m².

Where is 59 RENFORTH CLOSE?

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