7, FOUNTAINS CLOSE, GATESHEAD, NE11 9PX - £290,000

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.

7 FOUNTAINS CLOSE is a midsized detached house of 107m², built sometime between 1991 and 1995, which could now be worth an estimated £330,230. It was last sold for £290,000 in March 2021, which was around 18% above the average March 2021 detached price in the Gateshead local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was D.

7 FOUNTAINS CLOSE Sold Prices

Land registry data shows four sales for 7 FOUNTAINS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the four 7 FOUNTAINS 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
2021 31 MAR	£290,000	£246,773	18% above HPI
2013 5 JUL	£220,000	£201,077	9% above HPI
2001 22 JUN	£120,000	£93,618	28% above HPI
1996 5 JAN	£90,000	£69,656	29% above HPI

7 FOUNTAINS 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 four 7 FOUNTAINS CLOSE sales between January 1996 and March 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 July 2013 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the March 2021 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 7 FOUNTAINS CLOSE be worth now?

7 FOUNTAINS CLOSE might now be worth an estimated £330,230.

This is based on house price inflation of 13.9%, between March 2021 and February 2025, for 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 13.9% inflationary increase is applied to the most recent sale price for 7 FOUNTAINS CLOSE of £290,000 on 31st March 2021. For the value to have increased from £290,000 to £330,230 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 7 FOUNTAINS CLOSE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The March 2021 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 7 FOUNTAINS CLOSE has not materially changed since March 2021.

How Large is 7 FOUNTAINS CLOSE?

7 FOUNTAINS CLOSE is 107m² according to the EPC inspection conducted in August 2011. This puts it in the largest 50% of detached houses houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gateshead, and where 7 FOUNTAINS CLOSE lies on this distribution: 52% of detached houses houses are smaller than 7 FOUNTAINS CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

7 FOUNTAINS CLOSE: Plot and Title Map

7 FOUNTAINS CLOSE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 7 FOUNTAINS 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 FOUNTAINS 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 FOUNTAINS CLOSE?

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