2, ARGUS CLOSE, GATESHEAD, NE11 9TA - £200,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 ARGUS CLOSE is a midsized extended detached house of 105m², built sometime between 1991 and 1995. It was last sold for £200,000 in September 2015, which was around 8% below the average September 2015 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 four sales for 2 ARGUS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the four 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
2015 17 SEP	£200,000	£218,402	8% below HPI
2009 31 JUL	£156,000	£202,930	23% below HPI
1998 8 JUN	£75,000	£78,040	4% below HPI
1995 30 JUN	£72,150	£73,132	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 four 2 ARGUS CLOSE sales between June 1995 and September 2015 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 2009 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2015 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

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 in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 2 ARGUS CLOSE lies on this distribution: 49% of detached 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.