19, HERITAGE CLOSE, GATESHEAD, NE8 2PT - £100,000

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

19 HERITAGE CLOSE is a very small semi-detached house of 57m², built sometime between 2003 and 2006, which could now be worth an estimated £140,553. It was last sold for £100,000 in June 2014, which was around 20% below the average June 2014 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was June 2009, where the current energy rating was C, and the potential energy rating was B.

19 HERITAGE CLOSE Sold Prices

Land registry data shows five sales for 19 HERITAGE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Gateshead local authority area for the corresponding sale date. All of the five 19 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
2014 13 JUN	£100,000	£125,275	20% below HPI
2011 22 JUL	£104,500	£119,427	12% below HPI
2006 15 DEC	£118,000	£133,283	11% below HPI
2005 4 JUL	£108,000	£123,555	13% below HPI
2004 17 SEP	£85,995	£118,299	27% below HPI

19 HERITAGE 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 five 19 HERITAGE CLOSE sales between September 2004 and June 2014 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 July 2011 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the June 2014 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 19 HERITAGE CLOSE be worth now?

19 HERITAGE CLOSE might now be worth an estimated £140,553.

This is based on house price inflation of 40.6%, between June 2014 and December 2024, 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 40.6% inflationary increase is applied to the most recent sale price for 19 HERITAGE CLOSE of £100,000 on 13th June 2014. For the value to have increased from £100,000 to £140,553 over the nine years and six months to December 2024, the following assumptions must hold true:

• The value of 19 HERITAGE CLOSE has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The June 2014 sale price of £100,000 represented a fair market value for the property.
• The size, condition, and specification of 19 HERITAGE CLOSE has not materially changed since June 2014.

How Large is 19 HERITAGE CLOSE?

19 HERITAGE CLOSE is 57m² according to the EPC inspection conducted in June 2009. This puts it in the smallest 10% of semi-detached houses houses in Gateshead, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Gateshead, and where 19 HERITAGE CLOSE lies on this distribution: 2% of semi-detached houses houses are smaller than 19 HERITAGE CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

19 HERITAGE CLOSE: Plot and Title Map

19 HERITAGE CLOSE sits on a plot of roughly 0.038 of an acre, or 155m². The below map shows the location of 19 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 19 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 19 HERITAGE CLOSE?

19 HERITAGE CLOSE is located in GATESHEAD, in the NE8 postcode district. The below map shows the position of No. 19 on HERITAGE CLOSE.