2, GRESFORD CLOSE, HEBBURN, NE31 2BL - £339,000

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 GRESFORD CLOSE is a midsized detached house of 104m², which could now be worth an estimated £373,959. It was last sold for £339,000 in April 2022, which was around 23% above the average April 2022 detached price in the South Tyneside local authority area. The most recent EPC inspection was October 2018, where the current energy rating was B, and the potential energy rating was A.

2 GRESFORD CLOSE Sold Prices

Land registry data shows two sales for 2 GRESFORD 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 South Tyneside local authority area for the corresponding sale date. Both of the two 2 GRESFORD 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
2022 14 APR	£339,000	£276,097	23% above HPI
2018 14 DEC	£251,745	£243,621	3% above HPI

2 GRESFORD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Tyneside local authority area over time, sourced from the HPI. The two 2 GRESFORD CLOSE sales from December 2018 and April 2022 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 December 2018 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the April 2022 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 2 GRESFORD CLOSE be worth now?

2 GRESFORD CLOSE might now be worth an estimated £373,959.

This is based on house price inflation of 10.3%, between April 2022 and February 2025, for detached houses, in the South Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.3% inflationary increase is applied to the most recent sale price for 2 GRESFORD CLOSE of £339,000 on 14th April 2022. For the value to have increased from £339,000 to £373,959 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 2 GRESFORD CLOSE has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The April 2022 sale price of £339,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GRESFORD CLOSE has not materially changed since April 2022.

How Large is 2 GRESFORD CLOSE?

2 GRESFORD CLOSE is 104m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 50% of detached houses houses in Hebburn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hebburn, and where 2 GRESFORD CLOSE lies on this distribution: 42% of detached houses houses are smaller than 2 GRESFORD CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Hebburn.

2 GRESFORD CLOSE: Plot and Title Map

2 GRESFORD CLOSE sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 2 GRESFORD 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 GRESFORD 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 GRESFORD CLOSE?

2 GRESFORD CLOSE is located in HEBBURN, in the NE31 postcode district. The below map shows the position of No. 2 on GRESFORD CLOSE.