7, HEATH CLOSE, GATESHEAD, NE11 9TF - £164,000

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 HEATH CLOSE is a very small detached house of 68m², built sometime between 1983 and 1990. It was last sold for £164,000 in December 2013, which was around 19% below the average December 2013 detached price in the Gateshead local authority area. The most recent EPC inspection was January 2009, where the current energy rating was D, and the potential energy rating was C.

7 HEATH CLOSE Sold Prices

Land registry data shows four sales for 7 HEATH 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 HEATH 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
2013 19 DEC	£164,000	£202,934	19% below HPI
2009 11 DEC	£160,000	£201,378	21% below HPI
1996 6 DEC	£58,500	£71,499	18% below HPI
1995 22 DEC	£57,950	£70,734	18% below HPI

7 HEATH 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 HEATH CLOSE sales between December 1995 and December 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 December 2009 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the December 2013 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 7 HEATH CLOSE?

7 HEATH CLOSE is 68m² according to the EPC inspection conducted in January 2009. This puts it in the smallest 10% 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 HEATH CLOSE lies on this distribution: 7% of detached houses are smaller than 7 HEATH CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

7 HEATH CLOSE: Plot and Title Map

7 HEATH CLOSE sits on a plot of roughly 0.115 of an acre, or 467m². The below map shows the location of 7 HEATH 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 HEATH 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 HEATH CLOSE?

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