7, SLALEY CLOSE, GATESHEAD, NE10 8TW - £79,000

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 SLALEY CLOSE is a very small flat of 38m², built sometime between 1976 and 1982, which could now be worth an estimated £75,903. It was last sold for £79,000 in December 2007, which was around 24% below the average December 2007 flat price in the Gateshead local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

7 SLALEY CLOSE Sold Prices

Land registry data shows two sales for 7 SLALEY 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 7 SLALEY CLOSE sales were for below 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
2007 14 DEC	£79,000	£103,416	24% below HPI
2001 17 DEC	£36,000	£37,183	3% below HPI

What might 7 SLALEY CLOSE be worth now?

7 SLALEY CLOSE might now be worth an estimated £75,903.

This is based on house price deflation of 3.9%, between December 2007 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 3.9% deflationary decrease is applied to the most recent sale price for 7 SLALEY CLOSE of £79,000 on 14th December 2007. For the value to have decreased from £79,000 to £75,903 over the nineteen years and seven months to May 2026, the following assumptions must hold true:

• The value of 7 SLALEY CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The December 2007 sale price of £79,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SLALEY CLOSE has not materially changed since December 2007.

How Large is 7 SLALEY CLOSE?

7 SLALEY CLOSE is 38m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 10% of flats in Gateshead, based on EPC data. 3% of flats are smaller than 7 SLALEY CLOSE, and 97% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

7 SLALEY CLOSE: Plot

7 SLALEY CLOSE sits on a plot of roughly 0.027 of an acre, or 108m².

Where is 7 SLALEY CLOSE?

7 SLALEY CLOSE is located in GATESHEAD, in the NE10 postcode district.