5, ABBEYFIELD CLOSE, GATESHEAD, NE8 2PS - £150,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 ABBEYFIELD CLOSE is a very small detached house of 77m², built sometime from 2007 onwards. It was last sold for £150,000 in April 2021, which was around 40% below the average April 2021 detached price in the Gateshead local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

5 ABBEYFIELD CLOSE Sold Prices

Land registry data shows three sales for 5 ABBEYFIELD 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 5 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
2021 30 APR	£150,000	£249,565	40% below HPI
2007 16 NOV	£147,500	£231,349	36% below HPI
2005 22 FEB	£126,995	£193,044	34% below HPI

5 ABBEYFIELD 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 5 ABBEYFIELD CLOSE sales between February 2005 and April 2021 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 November 2007 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the April 2021 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 5 ABBEYFIELD CLOSE?

5 ABBEYFIELD CLOSE is 77m² according to the EPC inspection conducted in September 2020. 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 5 ABBEYFIELD CLOSE lies on this distribution: 13% of detached houses are smaller than 5 ABBEYFIELD CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

5 ABBEYFIELD CLOSE: Plot and Title Map

5 ABBEYFIELD CLOSE sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 5 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 5 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 5 ABBEYFIELD CLOSE?

5 ABBEYFIELD CLOSE is located in GATESHEAD, in the NE8 postcode district. The below map shows the position of No. 5 on ABBEYFIELD CLOSE.