7, GREENLEA CLOSE, HIGH SPEN, ROWLANDS GILL, NE39 2DW - £160,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 GREENLEA CLOSE is a midsized extended detached house of 109m², built sometime between 1983 and 1990, which could now be worth an estimated £189,872. It was last sold for £160,000 in July 2019, which was around 32% below the average July 2019 detached price in the Gateshead local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was C.

7 GREENLEA CLOSE Sold Prices

Land registry data shows five sales for 7 GREENLEA 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 GREENLEA 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
2019 26 JUL	£160,000	£236,796	32% below HPI
2004 22 OCT	£187,000	£192,540	3% below HPI
1999 15 SEP	£84,000	£81,216	3% above HPI
1996 1 NOV	£59,000	£73,142	19% below HPI
1996 7 JUN	£59,000	£69,369	15% below HPI

7 GREENLEA 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 GREENLEA CLOSE sales between June 1996 and July 2019 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 2004 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the July 2019 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 7 GREENLEA CLOSE be worth now?

7 GREENLEA CLOSE might now be worth an estimated £189,872.

This is based on house price inflation of 18.7%, between July 2019 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 18.7% inflationary increase is applied to the most recent sale price for 7 GREENLEA CLOSE of £160,000 on 26th July 2019. For the value to have increased from £160,000 to £189,872 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 7 GREENLEA CLOSE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The July 2019 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GREENLEA CLOSE has not materially changed since July 2019.

How Large is 7 GREENLEA CLOSE?

7 GREENLEA CLOSE is 109m², which includes two extensions, according to the EPC inspection conducted in March 2019. This puts it in the largest 50% of detached houses houses in High Spen, based on EPC data. The below chart shows the distribution of detached houses houses by size in High Spen, and where 7 GREENLEA CLOSE lies on this distribution: 58% of detached houses houses are smaller than 7 GREENLEA CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in High Spen.

7 GREENLEA CLOSE: Plot and Title Map

7 GREENLEA CLOSE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 7 GREENLEA 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 GREENLEA 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 GREENLEA CLOSE?

7 GREENLEA CLOSE is located in HIGH SPEN, in the NE39 postcode district. The below map shows the position of No. 7 on GREENLEA CLOSE.