65, REDGRAVE CLOSE, GATESHEAD, NE8 3JD - £85,000

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.

65 REDGRAVE CLOSE is a very small flat of 55m², built sometime between 2003 and 2006, which could now be worth an estimated £100,394. It was last sold for £85,000 in June 2018, which was around 1% above the average June 2018 flat price in the Gateshead local authority area. The most recent EPC inspection was July 2010, where the current energy rating was C, and the potential energy rating was B.

65 REDGRAVE CLOSE Sold Prices

Land registry data shows three sales for 65 REDGRAVE 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. All of the three 65 REDGRAVE 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
2018 29 JUN	£85,000	£84,126	1% above HPI
2005 7 JAN	£117,500	£81,363	44% above HPI
2002 29 NOV	£78,950	£45,685	73% above HPI

What might 65 REDGRAVE CLOSE be worth now?

65 REDGRAVE CLOSE might now be worth an estimated £100,394.

This is based on house price inflation of 18.1%, between June 2018 and May 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 18.1% inflationary increase is applied to the most recent sale price for 65 REDGRAVE CLOSE of £85,000 on 29th June 2018. For the value to have increased from £85,000 to £100,394 over the eight years and one month to May 2026, the following assumptions must hold true:

• The value of 65 REDGRAVE CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The June 2018 sale price of £85,000 represented a fair market value for the property.
• The size, condition, and specification of 65 REDGRAVE CLOSE has not materially changed since June 2018.

How Large is 65 REDGRAVE CLOSE?

65 REDGRAVE CLOSE is 55m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 20% of flats in Gateshead, based on EPC data. 19% of flats are smaller than 65 REDGRAVE CLOSE, and 78% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

65 REDGRAVE CLOSE: Plot

65 REDGRAVE CLOSE sits on a plot of roughly 0.484 of an acre, or 1,957m².

Where is 65 REDGRAVE CLOSE?

65 REDGRAVE CLOSE is located in GATESHEAD, in the NE8 postcode district.