15, GREENLEA CLOSE, HIGH SPEN, ROWLANDS GILL, NE39 2DW - £80,000

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.

15 GREENLEA CLOSE is a very small semi-detached house of 87m², built sometime between 1976 and 1982, which could now be worth an estimated £221,547. It was last sold for £80,000 in June 2002, which was around 28% above the average June 2002 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was October 2013, where the current energy rating was E, and the potential energy rating was C.

15 GREENLEA CLOSE Sold Prices

Land registry data shows two sales for 15 GREENLEA 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 15 GREENLEA 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
2002 28 JUN	£80,000	£62,319	28% above HPI
2000 30 JUN	£76,000	£48,262	57% above HPI

15 GREENLEA 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 15 GREENLEA CLOSE sales from June 2000 and June 2002 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 June 2000 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the June 2002 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 15 GREENLEA CLOSE be worth now?

15 GREENLEA CLOSE might now be worth an estimated £221,547.

This is based on house price inflation of 176.9%, between June 2002 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 176.9% inflationary increase is applied to the most recent sale price for 15 GREENLEA CLOSE of £80,000 on 28th June 2002. For the value to have increased from £80,000 to £221,547 over the 23 years and four months to February 2025, the following assumptions must hold true:

• The value of 15 GREENLEA CLOSE has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The June 2002 sale price of £80,000 represented a fair market value for the property.
• The size, condition, and specification of 15 GREENLEA CLOSE has not materially changed since June 2002.

How Large is 15 GREENLEA CLOSE?

15 GREENLEA CLOSE is 87m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 20% of semi-detached houses houses in High Spen, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in High Spen, and where 15 GREENLEA CLOSE lies on this distribution: 17% of semi-detached houses houses are smaller than 15 GREENLEA CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in High Spen.

15 GREENLEA CLOSE: Plot and Title Map

15 GREENLEA CLOSE sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 15 GREENLEA 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 15 GREENLEA 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 15 GREENLEA CLOSE?

15 GREENLEA CLOSE is located in HIGH SPEN, in the NE39 postcode district. The below map shows the position of No. 15 on GREENLEA CLOSE.