75, REDGRAVE CLOSE, GATESHEAD, NE8 3JD - £122,000

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.

75 REDGRAVE CLOSE is a flat, which could now be worth an estimated £125,146. It was last sold for £122,000 in May 2007, which was around 26% above the average May 2007 flat price in the Gateshead local authority area.

75 REDGRAVE CLOSE Sold Prices

Land registry data shows three sales for 75 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 75 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
2007 11 MAY	£122,000	£96,864	26% above HPI
2005 16 SEP	£115,000	£89,229	29% above HPI
2002 14 OCT	£91,950	£44,449	107% above HPI

What might 75 REDGRAVE CLOSE be worth now?

75 REDGRAVE CLOSE might now be worth an estimated £125,146.

This is based on house price inflation of 2.6%, between May 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 2.6% inflationary increase is applied to the most recent sale price for 75 REDGRAVE CLOSE of £122,000 on 11th May 2007. For the value to have increased from £122,000 to £125,146 over the nineteen years to May 2026, the following assumptions must hold true:

• The value of 75 REDGRAVE CLOSE has moved in line with the HPI for flats in the Gateshead local authority area.
• The May 2007 sale price of £122,000 represented a fair market value for the property.
• The size, condition, and specification of 75 REDGRAVE CLOSE has not materially changed since May 2007.

Where is 75 REDGRAVE CLOSE?

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