18, HEATH CLOSE, GATESHEAD, NE11 9TF - £315,000

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.

18 HEATH CLOSE is a small detached house of 93m², built sometime between 1991 and 1995, which could now be worth an estimated £331,399. It was last sold for £315,000 in May 2024, which was around 18% above the average May 2024 detached price in the Gateshead local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

18 HEATH CLOSE Sold Prices

Land registry data shows two sales for 18 HEATH 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 18 HEATH 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
2024 20 MAY	£315,000	£267,101	18% above HPI
1996 30 APR	£76,950	£68,151	13% above HPI

18 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 two 18 HEATH CLOSE sales from April 1996 and May 2024 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 April 1996 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the May 2024 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 18 HEATH CLOSE be worth now?

18 HEATH CLOSE might now be worth an estimated £331,399.

This is based on house price inflation of 5.2%, between May 2024 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 5.2% inflationary increase is applied to the most recent sale price for 18 HEATH CLOSE of £315,000 on 20th May 2024. For the value to have increased from £315,000 to £331,399 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 18 HEATH CLOSE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The May 2024 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 18 HEATH CLOSE has not materially changed since May 2024.

How Large is 18 HEATH CLOSE?

18 HEATH CLOSE is 93m² according to the EPC inspection conducted in March 2024. This puts it in the smallest 40% 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 18 HEATH CLOSE lies on this distribution: 34% of detached houses houses are smaller than 18 HEATH CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

18 HEATH CLOSE: Plot and Title Map

18 HEATH CLOSE sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 18 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 18 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 18 HEATH CLOSE?

18 HEATH CLOSE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 18 on HEATH CLOSE.