18, SPA WELL CLOSE, BLAYDON-ON-TYNE, NE21 6LX - £170,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

18 SPA WELL CLOSE is a very small extended detached house of 84m², built sometime between 1950 and 1966, which could now be worth an estimated £223,067. It was last sold for £170,000 in March 2016, which was around 21% below the average March 2016 detached price in the Gateshead local authority area. The most recent EPC inspection was February 2025, where the current energy rating was E, and the potential energy rating was C.

18 SPA WELL CLOSE Sold Prices

Land registry data shows two sales for 18 SPA WELL 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 SPA WELL 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
2016 16 MAR	£170,000	£214,155	21% below HPI
2003 7 NOV	£117,000	£160,757	27% below HPI

18 SPA WELL 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 SPA WELL CLOSE sales from November 2003 and March 2016 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 November 2003 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the March 2016 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 18 SPA WELL CLOSE be worth now?

18 SPA WELL CLOSE might now be worth an estimated £223,067.

This is based on house price inflation of 31.2%, between March 2016 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 31.2% inflationary increase is applied to the most recent sale price for 18 SPA WELL CLOSE of £170,000 on 16th March 2016. For the value to have increased from £170,000 to £223,067 over the nine years and one month to February 2025, the following assumptions must hold true:

• The value of 18 SPA WELL CLOSE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The March 2016 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 18 SPA WELL CLOSE has not materially changed since March 2016.

How Large is 18 SPA WELL CLOSE?

18 SPA WELL CLOSE is 84m², which includes one extension, according to the EPC inspection conducted in February 2025. This puts it in the smallest 20% of detached houses houses in Blaydon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Blaydon, and where 18 SPA WELL CLOSE lies on this distribution: 19% of detached houses houses are smaller than 18 SPA WELL CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Blaydon.

18 SPA WELL CLOSE: Plot and Title Map

18 SPA WELL CLOSE sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 18 SPA WELL 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 SPA WELL 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 SPA WELL CLOSE?

18 SPA WELL CLOSE is located in BLAYDON-ON-TYNE, in the NE21 postcode district. The below map shows the position of No. 18 on SPA WELL CLOSE.