7, RINGLET CLOSE, GATESHEAD, NE11 9NF - £250,000

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.

7 RINGLET CLOSE is a detached house, which could now be worth an estimated £365,160. It was last sold for £250,000 in August 2005, which was around 22% above the average August 2005 detached price in the Gateshead local authority area.

7 RINGLET CLOSE Sold Prices

Land registry data shows two sales for 7 RINGLET CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. Both of the two 7 RINGLET 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
2005 8 AUG	£250,000	£204,226	22% above HPI
2001 2 MAR	£143,995	£91,982	57% above HPI

What might 7 RINGLET CLOSE be worth now?

7 RINGLET CLOSE might now be worth an estimated £365,160.

This is based on house price inflation of 46.1%, between August 2005 and April 2026, for 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 46.1% inflationary increase is applied to the most recent sale price for 7 RINGLET CLOSE of £250,000 on 8th August 2005. For the value to have increased from £250,000 to £365,160 over the 21 years and four months to April 2026, the following assumptions must hold true:

• The value of 7 RINGLET CLOSE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The August 2005 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RINGLET CLOSE has not materially changed since August 2005.

Where is 7 RINGLET CLOSE?

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