7, FINCHALE CLOSE, GATESHEAD, NE11 9PW - £245,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 FINCHALE CLOSE is a midsized extended detached house of 107m², built sometime between 1991 and 1995. It was last sold for £245,000 in August 2013, which was around 20% above the average August 2013 detached price in the Gateshead local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was B.

7 FINCHALE CLOSE Sold Prices

Land registry data shows five sales for 7 FINCHALE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. Most of the five 7 FINCHALE 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
2013 1 AUG	£245,000	£204,180	20% above HPI
2005 20 OCT	£192,000	£206,405	7% below HPI
2001 14 DEC	£115,000	£100,228	15% above HPI
1996 22 NOV	£83,500	£73,637	13% above HPI
1996 27 SEP	£58,500	£75,609	23% below HPI

7 FINCHALE 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 five 7 FINCHALE CLOSE sales between September 1996 and August 2013 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 2005 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the August 2013 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 7 FINCHALE CLOSE?

7 FINCHALE CLOSE is 107m², which includes one extension, according to the EPC inspection conducted in April 2012. 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 7 FINCHALE CLOSE lies on this distribution: 52% of detached houses are smaller than 7 FINCHALE CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

7 FINCHALE CLOSE: Plot and Title Map

7 FINCHALE CLOSE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 7 FINCHALE 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 7 FINCHALE 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 7 FINCHALE CLOSE?

7 FINCHALE CLOSE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 7 on FINCHALE CLOSE.