62, GAINSBOROUGH CLOSE, WHITLEY BAY, NE25 9XB - £115,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

62 GAINSBOROUGH CLOSE is a midsized detached house of 126m², built sometime between 1983 and 1990, which could now be worth an estimated £472,749. It was last sold for £115,000 in September 1999, which was around 27% above the average September 1999 detached price in the North Tyneside local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was C.

62 GAINSBOROUGH CLOSE Sold Prices

Land registry data shows two sales for 62 GAINSBOROUGH CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. Both of the two 62 GAINSBOROUGH 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
1999 28 SEP	£115,000	£90,647	27% above HPI
1996 21 OCT	£93,250	£79,186	18% above HPI

62 GAINSBOROUGH CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Tyneside local authority area over time, sourced from the HPI. The two 62 GAINSBOROUGH CLOSE sales from October 1996 and September 1999 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 1996 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the September 1999 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 62 GAINSBOROUGH CLOSE be worth now?

62 GAINSBOROUGH CLOSE might now be worth an estimated £472,749.

This is based on house price inflation of 311.1%, between September 1999 and February 2025, for detached houses, in the North Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 311.1% inflationary increase is applied to the most recent sale price for 62 GAINSBOROUGH CLOSE of £115,000 on 28th September 1999. For the value to have increased from £115,000 to £472,749 over the 26 years and seven months to February 2025, the following assumptions must hold true:

• The value of 62 GAINSBOROUGH CLOSE has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The September 1999 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 62 GAINSBOROUGH CLOSE has not materially changed since September 1999.

How Large is 62 GAINSBOROUGH CLOSE?

62 GAINSBOROUGH CLOSE is 126m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 50% of detached houses houses in Whitley Bay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Whitley Bay, and where 62 GAINSBOROUGH CLOSE lies on this distribution: 43% of detached houses houses are smaller than 62 GAINSBOROUGH CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Whitley Bay.

62 GAINSBOROUGH CLOSE: Plot and Title Map

62 GAINSBOROUGH CLOSE sits on a plot of roughly 0.097 of an acre, or 391m². The below map shows the location of 62 GAINSBOROUGH 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 62 GAINSBOROUGH 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 62 GAINSBOROUGH CLOSE?

62 GAINSBOROUGH CLOSE is located in WHITLEY BAY, in the NE25 postcode district. The below map shows the position of No. 62 on GAINSBOROUGH CLOSE.