85, CHAUCER CLOSE, GATESHEAD, NE8 3NQ - £163,000

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.

85 CHAUCER CLOSE is a semi-detached house, which could now be worth an estimated £256,241. It was last sold for £163,000 in May 2005, which was around 41% above the average May 2005 semi-detached price in the Gateshead local authority area.

85 CHAUCER CLOSE Sold Prices

Land registry data shows two sales for 85 CHAUCER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Gateshead local authority area for the corresponding sale date. Both of the two 85 CHAUCER 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 23 MAY	£163,000	£115,389	41% above HPI
2004 5 APR	£149,000	£101,401	47% above HPI

What might 85 CHAUCER CLOSE be worth now?

85 CHAUCER CLOSE might now be worth an estimated £256,241.

This is based on house price inflation of 57.2%, between May 2005 and March 2026, for semi-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 57.2% inflationary increase is applied to the most recent sale price for 85 CHAUCER CLOSE of £163,000 on 23rd May 2005. For the value to have increased from £163,000 to £256,241 over the 21 years and two months to March 2026, the following assumptions must hold true:

• The value of 85 CHAUCER CLOSE has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The May 2005 sale price of £163,000 represented a fair market value for the property.
• The size, condition, and specification of 85 CHAUCER CLOSE has not materially changed since May 2005.

Where is 85 CHAUCER CLOSE?

85 CHAUCER CLOSE is located in GATESHEAD, in the NE8 postcode district.