16, HERITAGE CLOSE, GATESHEAD, NE8 2PT - £154,000

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.

16 HERITAGE CLOSE is a small detached house of 88m², built sometime between 2003 and 2006, which could now be worth an estimated £184,433. It was last sold for £154,000 in January 2019, which was around 34% below the average January 2019 detached price in the Gateshead local authority area. The most recent EPC inspection was April 2010, where the current energy rating was C, and the potential energy rating was C.

16 HERITAGE CLOSE Sold Prices

Land registry data shows three sales for 16 HERITAGE 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 16 HERITAGE 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
2019 25 JAN	£154,000	£234,638	34% below HPI
2011 30 SEP	£125,000	£203,469	39% below HPI
2004 26 AUG	£117,995	£194,725	39% below HPI

16 HERITAGE 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 16 HERITAGE CLOSE sales between August 2004 and January 2019 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 September 2011 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the January 2019 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 16 HERITAGE CLOSE be worth now?

16 HERITAGE CLOSE might now be worth an estimated £184,433.

This is based on house price inflation of 19.8%, between January 2019 and February 2025, for 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 19.8% inflationary increase is applied to the most recent sale price for 16 HERITAGE CLOSE of £154,000 on 25th January 2019. For the value to have increased from £154,000 to £184,433 over the five years and eleven months to February 2025, the following assumptions must hold true:

• The value of 16 HERITAGE CLOSE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The January 2019 sale price of £154,000 represented a fair market value for the property.
• The size, condition, and specification of 16 HERITAGE CLOSE has not materially changed since January 2019.

How Large is 16 HERITAGE CLOSE?

16 HERITAGE CLOSE is 88m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 30% of detached houses houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gateshead, and where 16 HERITAGE CLOSE lies on this distribution: 27% of detached houses houses are smaller than 16 HERITAGE CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

16 HERITAGE CLOSE: Plot and Title Map

16 HERITAGE CLOSE sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of 16 HERITAGE 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 16 HERITAGE 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 16 HERITAGE CLOSE?

16 HERITAGE CLOSE is located in GATESHEAD, in the NE8 postcode district. The below map shows the position of No. 16 on HERITAGE CLOSE.