54, REDGRAVE CLOSE, GATESHEAD, NE8 3JE - £180,000

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

54 REDGRAVE CLOSE is a midsized semi-detached house of 112m², built sometime between 1996 and 2002. It was last sold for £180,000 in January 2016, which was around 18% below the average January 2016 detached price in the Gateshead local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

54 REDGRAVE CLOSE Sold Prices

Land registry data shows three sales for 54 REDGRAVE 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. Two of the three 54 REDGRAVE CLOSE sales were for below the average price, whilst one was 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
2016 29 JAN	£180,000	£220,729	18% below HPI
2003 29 OCT	£158,000	£155,805	1% above HPI
2002 27 JUN	£99,950	£111,024	10% below HPI

54 REDGRAVE 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 54 REDGRAVE CLOSE sales between June 2002 and January 2016 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 October 2003 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the January 2016 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 54 REDGRAVE CLOSE?

54 REDGRAVE CLOSE is 112m² according to the EPC inspection conducted in August 2015. This puts it in the largest 50% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 54 REDGRAVE CLOSE lies on this distribution: 59% of detached houses are smaller than 54 REDGRAVE CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

54 REDGRAVE CLOSE: Plot and Title Map

54 REDGRAVE CLOSE sits on a plot of roughly 0.035 of an acre, or 142m². The below map shows the location of 54 REDGRAVE 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 54 REDGRAVE 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 54 REDGRAVE CLOSE?

54 REDGRAVE CLOSE is located in GATESHEAD, in the NE8 postcode district. The below map shows the position of No. 54 on REDGRAVE CLOSE.