15, HEATH CLOSE, GATESHEAD, NE11 9TF - £165,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

15 HEATH CLOSE is a very small extended detached house of 72m², built sometime between 1996 and 2002. It was last sold for £165,000 in August 2018, which was around 30% below the average August 2018 detached price in the Gateshead local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

15 HEATH CLOSE Sold Prices

Land registry data shows three sales for 15 HEATH CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the three 15 HEATH 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
2018 24 AUG	£165,000	£236,172	30% below HPI
2018 22 JUN	£170,000	£230,361	26% below HPI
1996 29 MAR	£57,950	£67,469	14% below HPI

15 HEATH 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 three 15 HEATH CLOSE sales between March 1996 and August 2018 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 2018 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2018 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 15 HEATH CLOSE?

15 HEATH CLOSE is 72m², which includes one extension, according to the EPC inspection conducted in November 2014. 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 15 HEATH CLOSE lies on this distribution: 9% of detached houses are smaller than 15 HEATH CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

15 HEATH CLOSE: Plot and Title Map

15 HEATH CLOSE sits on a plot of roughly 0.078 of an acre, or 315m². The below map shows the location of 15 HEATH 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 HEATH 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 HEATH CLOSE?

15 HEATH CLOSE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 15 on HEATH CLOSE.