71, REDGRAVE CLOSE, GATESHEAD, NE8 3JD - £110,000

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.

71 REDGRAVE CLOSE is a very small flat of 53m², built sometime between 1996 and 2002, which could now be worth an estimated £120,739. It was last sold for £110,000 in August 2005, which was around 25% above the average August 2005 flat price in the Gateshead local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was C.

71 REDGRAVE CLOSE Sold Prices

Land registry data shows two sales for 71 REDGRAVE 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 71 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
2005 24 AUG	£110,000	£88,317	25% above HPI
2002 11 OCT	£81,950	£44,449	84% above HPI

What might 71 REDGRAVE CLOSE be worth now?

71 REDGRAVE CLOSE might now be worth an estimated £120,739.

This is based on house price inflation of 9.8%, between August 2005 and March 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 9.8% inflationary increase is applied to the most recent sale price for 71 REDGRAVE CLOSE of £110,000 on 24th August 2005. For the value to have increased from £110,000 to £120,739 over the 21 years and five months to March 2026, the following assumptions must hold true:

• The value of 71 REDGRAVE CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The August 2005 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of 71 REDGRAVE CLOSE has not materially changed since August 2005.

How Large is 71 REDGRAVE CLOSE?

71 REDGRAVE CLOSE is 53m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 20% of flats in Gateshead, based on EPC data. 16% of flats are smaller than 71 REDGRAVE CLOSE, and 83% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

71 REDGRAVE CLOSE: Plot

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

Where is 71 REDGRAVE CLOSE?

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