12, ARGUS CLOSE, GATESHEAD, NE11 9TA - £124,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

12 ARGUS CLOSE is a very small semi-detached house of 60m², built sometime between 1996 and 2002. It was last sold for £124,000 in March 2010, which was around 39% below the average March 2010 detached price in the Gateshead local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was B.

12 ARGUS CLOSE Sold Prices

Land registry data shows two sales for 12 ARGUS 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 Gateshead local authority area for the corresponding sale date. Both of the two 12 ARGUS 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
2010 29 MAR	£124,000	£203,463	39% below HPI
2000 11 FEB	£55,000	£85,535	36% below HPI

12 ARGUS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gateshead local authority area over time, sourced from the HPI. The two 12 ARGUS CLOSE sales from February 2000 and March 2010 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 February 2000 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the March 2010 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 12 ARGUS CLOSE?

12 ARGUS CLOSE is 60m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 10% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 12 ARGUS CLOSE lies on this distribution: 3% of detached houses are smaller than 12 ARGUS CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

12 ARGUS CLOSE: Plot and Title Map

12 ARGUS CLOSE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 12 ARGUS 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 12 ARGUS 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 12 ARGUS CLOSE?

12 ARGUS CLOSE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 12 on ARGUS CLOSE.