2, ARGUS CLOSE, GATESHEAD, NE11 9TA - £280,000

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.

2 ARGUS CLOSE is a midsized extended detached house of 105m², built sometime between 1991 and 1995, which could now be worth an estimated £276,097. It was last sold for £280,000 in December 2024, which was around 2% below the average December 2024 detached price in the Gateshead local authority area. The most recent EPC inspection was September 2024, where the current energy rating was C, and the potential energy rating was B.

2 ARGUS CLOSE Sold Prices

Land registry data shows five sales for 2 ARGUS CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the five 2 ARGUS 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
2024 16 DEC	£280,000	£284,978	2% below HPI
2015 17 SEP	£200,000	£216,932	8% below HPI
2009 31 JUL	£156,000	£201,565	23% below HPI
1998 8 JUN	£75,000	£77,515	3% below HPI
1995 30 JUN	£72,150	£72,640	1% below HPI

2 ARGUS 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 five 2 ARGUS CLOSE sales between June 1995 and December 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 September 2015 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the December 2024 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 2 ARGUS CLOSE be worth now?

2 ARGUS CLOSE might now be worth an estimated £276,097.

This is based on house price deflation of 1.4%, between December 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 1.4% deflationary decrease is applied to the most recent sale price for 2 ARGUS CLOSE of £280,000 on 16th December 2024. For the value to have decreased from £280,000 to £276,097 over the one year and ten months to February 2025, the following assumptions must hold true:

• The value of 2 ARGUS CLOSE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The December 2024 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ARGUS CLOSE has not materially changed since December 2024.

How Large is 2 ARGUS CLOSE?

2 ARGUS CLOSE is 105m², which includes one extension, according to the EPC inspection conducted in September 2024. This puts it in the largest 50% 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 2 ARGUS CLOSE lies on this distribution: 49% of detached houses houses are smaller than 2 ARGUS CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

2 ARGUS CLOSE: Plot and Title Map

2 ARGUS CLOSE sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of 2 ARGUS 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 2 ARGUS 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 2 ARGUS CLOSE?

2 ARGUS CLOSE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 2 on ARGUS CLOSE.