2, HERITAGE CLOSE, GATESHEAD, NE8 2PT - £164,500

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 HERITAGE CLOSE is a very small detached house of 79m², built sometime between 2003 and 2006. It was last sold for £164,500 in November 2023, which was around 41% below the average November 2023 detached price in the Gateshead local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

2 HERITAGE CLOSE Sold Prices

Land registry data shows three sales for 2 HERITAGE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the three 2 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
2023 16 NOV	£164,500	£278,041	41% below HPI
2007 29 JUN	£161,500	£223,454	28% below HPI
2004 18 JUN	£116,995	£183,815	36% below HPI

2 HERITAGE 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 three 2 HERITAGE CLOSE sales between June 2004 and November 2023 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 June 2007 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the November 2023 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 2 HERITAGE CLOSE?

2 HERITAGE CLOSE is 79m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 20% 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 HERITAGE CLOSE lies on this distribution: 15% of detached houses are smaller than 2 HERITAGE CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

2 HERITAGE CLOSE: Plot and Title Map

2 HERITAGE CLOSE sits on a plot of roughly 0.050 of an acre, or 204m². The below map shows the location of 2 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 2 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 2 HERITAGE CLOSE?

2 HERITAGE CLOSE is located in GATESHEAD, in the NE8 postcode district. The below map shows the position of No. 2 on HERITAGE CLOSE.