79, CHAUCER CLOSE, GATESHEAD, NE8 3NQ - £138,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

79 CHAUCER CLOSE is a very small detached house of 55m², built sometime between 1991 and 1995. It was last sold for £138,000 in December 2004, which was around 26% below the average December 2004 detached price in the Gateshead local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was C.

79 CHAUCER CLOSE Sold Prices

Land registry data shows two sales for 79 CHAUCER 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 Gateshead local authority area for the corresponding sale date. Both of the two 79 CHAUCER 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
2004 23 DEC	£138,000	£187,198	26% below HPI
1997 31 OCT	£51,500	£75,878	32% below HPI

79 CHAUCER 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 two 79 CHAUCER CLOSE sales from October 1997 and December 2004 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 1997 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the December 2004 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 79 CHAUCER CLOSE?

79 CHAUCER CLOSE is 55m² according to the EPC inspection conducted in November 2008. 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 79 CHAUCER CLOSE lies on this distribution: 1% of detached houses are smaller than 79 CHAUCER CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

79 CHAUCER CLOSE: Plot and Title Map

79 CHAUCER CLOSE sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 79 CHAUCER 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 79 CHAUCER 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 79 CHAUCER CLOSE?

79 CHAUCER CLOSE is located in GATESHEAD, in the NE8 postcode district. The below map shows the position of No. 79 on CHAUCER CLOSE.