7, HEDGE CLOSE, GATESHEAD, NE11 9UG - £70,500

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.

7 HEDGE CLOSE is a semi-detached house, which could now be worth an estimated £283,865. It was last sold for £70,500 in June 1999, which was around 54% above the average June 1999 semi-detached price in the Gateshead local authority area.

7 HEDGE CLOSE Sold Prices

Land registry data shows two sales for 7 HEDGE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Gateshead local authority area for the corresponding sale date. Both of the two 7 HEDGE 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
1999 25 JUN	£70,500	£45,901	54% above HPI
1996 29 NOV	£61,650	£42,213	46% above HPI

What might 7 HEDGE CLOSE be worth now?

7 HEDGE CLOSE might now be worth an estimated £283,865.

This is based on house price inflation of 302.6%, between June 1999 and May 2026, for semi-detached houses, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 302.6% inflationary increase is applied to the most recent sale price for 7 HEDGE CLOSE of £70,500 on 25th June 1999. For the value to have increased from £70,500 to £283,865 over the 27 years and one month to May 2026, the following assumptions must hold true:

• The value of 7 HEDGE CLOSE has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The June 1999 sale price of £70,500 represented a fair market value for the property.
• The size, condition, and specification of 7 HEDGE CLOSE has not materially changed since June 1999.

Where is 7 HEDGE CLOSE?

7 HEDGE CLOSE is located in GATESHEAD, in the NE11 postcode district.