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

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.

12 ARGUS CLOSE is a very small semi-detached house of 60m², built sometime between 1996 and 2002, which could now be worth an estimated £173,264. It was last sold for £124,000 in March 2010, which was about the average March 2010 semi-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 semi-detached price in the Gateshead local authority area for the corresponding sale date. One of the two 12 ARGUS CLOSE sales was roughly equal to the average price, whilst the other was 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
2010 29 MAR	£124,000	£123,512	Close to HPI
2000 11 FEB	£55,000	£48,275	14% above HPI

12 ARGUS 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 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 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the March 2010 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 12 ARGUS CLOSE be worth now?

12 ARGUS CLOSE might now be worth an estimated £173,264.

This is based on house price inflation of 39.7%, between March 2010 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 39.7% inflationary increase is applied to the most recent sale price for 12 ARGUS CLOSE of £124,000 on 29th March 2010. For the value to have increased from £124,000 to £173,264 over the fifteen years and one month to February 2025, the following assumptions must hold true:

• The value of 12 ARGUS CLOSE has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The March 2010 sale price of £124,000 represented a fair market value for the property.
• The size, condition, and specification of 12 ARGUS CLOSE has not materially changed since March 2010.

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 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 12 ARGUS CLOSE lies on this distribution: 3% of semi-detached houses 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.