24, ABBEYFIELD CLOSE, GATESHEAD, NE8 2PS - £108,000

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

24 ABBEYFIELD CLOSE is a very small extended semi-detached house of 58m², built sometime between 1991 and 1995, which could now be worth an estimated £137,023. It was last sold for £108,000 in April 2020, which was around 22% below the average April 2020 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

24 ABBEYFIELD CLOSE Sold Prices

Land registry data shows two sales for 24 ABBEYFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Gateshead local authority area for the corresponding sale date. Both of the two 24 ABBEYFIELD 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
2020 24 APR	£108,000	£138,783	22% below HPI
2005 29 JUL	£99,995	£123,555	19% below HPI

24 ABBEYFIELD 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 two 24 ABBEYFIELD CLOSE sales from July 2005 and April 2020 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 2005 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the April 2020 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 24 ABBEYFIELD CLOSE be worth now?

24 ABBEYFIELD CLOSE might now be worth an estimated £137,023.

This is based on house price inflation of 26.9%, between April 2020 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 26.9% inflationary increase is applied to the most recent sale price for 24 ABBEYFIELD CLOSE of £108,000 on 24th April 2020. For the value to have increased from £108,000 to £137,023 over the three years and four months to December 2024, the following assumptions must hold true:

• The value of 24 ABBEYFIELD CLOSE has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The April 2020 sale price of £108,000 represented a fair market value for the property.
• The size, condition, and specification of 24 ABBEYFIELD CLOSE has not materially changed since April 2020.

How Large is 24 ABBEYFIELD CLOSE?

24 ABBEYFIELD CLOSE is 58m², which includes one extension, according to the EPC inspection conducted in September 2019. 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 24 ABBEYFIELD CLOSE lies on this distribution: 2% of semi-detached houses houses are smaller than 24 ABBEYFIELD CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

24 ABBEYFIELD CLOSE: Plot and Title Map

24 ABBEYFIELD CLOSE sits on a plot of roughly 0.045 of an acre, or 182m². The below map shows the location of 24 ABBEYFIELD 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 24 ABBEYFIELD 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 24 ABBEYFIELD CLOSE?

24 ABBEYFIELD CLOSE is located in GATESHEAD, in the NE8 postcode district. The below map shows the position of No. 24 on ABBEYFIELD CLOSE.