8, ELVET CLOSE, WIDEOPEN, NEWCASTLE UPON TYNE, NE13 7HE - £185,000

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.

8 ELVET CLOSE is a detached house, which could now be worth an estimated £298,065. It was last sold for £185,000 in May 2006, which was around 20% below the average May 2006 detached price in the North Tyneside local authority area.

8 ELVET CLOSE Sold Prices

Land registry data shows two sales for 8 ELVET 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 North Tyneside local authority area for the corresponding sale date. Both of the two 8 ELVET 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
2006 31 MAY	£185,000	£231,686	20% below HPI
2000 4 SEP	£84,950	£96,686	12% below HPI

What might 8 ELVET CLOSE be worth now?

8 ELVET CLOSE might now be worth an estimated £298,065.

This is based on house price inflation of 61.1%, between May 2006 and May 2026, for detached houses, in the North Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 61.1% inflationary increase is applied to the most recent sale price for 8 ELVET CLOSE of £185,000 on 31st May 2006. For the value to have increased from £185,000 to £298,065 over the twenty years to May 2026, the following assumptions must hold true:

• The value of 8 ELVET CLOSE has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The May 2006 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ELVET CLOSE has not materially changed since May 2006.

Where is 8 ELVET CLOSE?

8 ELVET CLOSE is located in WIDEOPEN, in the NE13 postcode district.