3, RANNOCH CLOSE, WARDLEY, GATESHEAD, NE10 8GB - £157,000

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

3 RANNOCH CLOSE is a very small semi-detached house of 74m², built sometime between 1996 and 2002, which could now be worth an estimated £219,786. It was last sold for £157,000 in September 2010, which was around 25% above the average September 2010 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was September 2009, where the current energy rating was C, and the potential energy rating was C.

3 RANNOCH CLOSE Sold Prices

Land registry data shows two sales for 3 RANNOCH 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 3 RANNOCH 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
2010 17 SEP	£157,000	£125,778	25% above HPI
1999 30 APR	£64,000	£45,683	40% above HPI

3 RANNOCH 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 3 RANNOCH CLOSE sales from April 1999 and September 2010 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 April 1999 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the September 2010 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 3 RANNOCH CLOSE be worth now?

3 RANNOCH CLOSE might now be worth an estimated £219,786.

This is based on house price inflation of 40%, between September 2010 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 40% inflationary increase is applied to the most recent sale price for 3 RANNOCH CLOSE of £157,000 on 17th September 2010. For the value to have increased from £157,000 to £219,786 over the thirteen years and nine months to December 2024, the following assumptions must hold true:

• The value of 3 RANNOCH CLOSE has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The September 2010 sale price of £157,000 represented a fair market value for the property.
• The size, condition, and specification of 3 RANNOCH CLOSE has not materially changed since September 2010.

How Large is 3 RANNOCH CLOSE?

3 RANNOCH CLOSE is 74m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 20% 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 3 RANNOCH CLOSE lies on this distribution: 10% of semi-detached houses houses are smaller than 3 RANNOCH CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

3 RANNOCH CLOSE: Plot and Title Map

3 RANNOCH CLOSE sits on a plot of roughly 0.045 of an acre, or 184m². The below map shows the location of 3 RANNOCH 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 3 RANNOCH 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 3 RANNOCH CLOSE?

3 RANNOCH CLOSE is located in WARDLEY, in the NE10 postcode district. The below map shows the position of No. 3 on RANNOCH CLOSE.