1, ABBEYFIELD CLOSE, GATESHEAD, NE8 2PS - £160,000

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.

1 ABBEYFIELD CLOSE is a small semi-detached house of 84m², built sometime between 2003 and 2006, which could now be worth an estimated £163,021. It was last sold for £160,000 in July 2024, which was around 6% below the average July 2024 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was December 2023, where the current energy rating was C, and the potential energy rating was B.

1 ABBEYFIELD CLOSE Sold Prices

Land registry data shows two sales for 1 ABBEYFIELD 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 1 ABBEYFIELD 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
2024 31 JUL	£160,000	£169,384	6% below HPI
2017 13 OCT	£119,500	£138,462	14% below HPI

1 ABBEYFIELD CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Gateshead local authority area over time, sourced from the HPI. The two 1 ABBEYFIELD CLOSE sales from October 2017 and July 2024 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2017 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the July 2024 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 1 ABBEYFIELD CLOSE be worth now?

1 ABBEYFIELD CLOSE might now be worth an estimated £163,021.

This is based on house price inflation of 1.9%, between July 2024 and February 2025, 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 1.9% inflationary increase is applied to the most recent sale price for 1 ABBEYFIELD CLOSE of £160,000 on 31st July 2024. For the value to have increased from £160,000 to £163,021 over the one year and five months to February 2025, the following assumptions must hold true:

• The value of 1 ABBEYFIELD CLOSE has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The July 2024 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 1 ABBEYFIELD CLOSE has not materially changed since July 2024.

How Large is 1 ABBEYFIELD CLOSE?

1 ABBEYFIELD CLOSE is 84m² according to the EPC inspection conducted in December 2023. This puts it in the smallest 30% of semi-detached houses houses in Gateshead, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Gateshead, and where 1 ABBEYFIELD CLOSE lies on this distribution: 21% of semi-detached houses houses are smaller than 1 ABBEYFIELD CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

1 ABBEYFIELD CLOSE: Plot and Title Map

1 ABBEYFIELD CLOSE sits on a plot of roughly 0.051 of an acre, or 206m². The below map shows the location of 1 ABBEYFIELD CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 ABBEYFIELD CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 ABBEYFIELD CLOSE?

1 ABBEYFIELD CLOSE is located in GATESHEAD, in the NE8 postcode district. The below map shows the position of No. 1 on ABBEYFIELD CLOSE.