8, RINGLET CLOSE, GATESHEAD, NE11 9NF - £258,000

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

8 RINGLET CLOSE is a midsized detached house of 100m², built sometime between 1996 and 2002, which could now be worth an estimated £322,817. It was last sold for £258,000 in January 2020, which was around 13% above the average January 2020 detached price in the Gateshead local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

8 RINGLET CLOSE Sold Prices

Land registry data shows three sales for 8 RINGLET CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the three 8 RINGLET 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
2020 2 JAN	£258,000	£228,675	13% above HPI
2015 27 NOV	£239,000	£216,269	11% above HPI
2000 22 DEC	£112,495	£90,730	24% above HPI

8 RINGLET 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 three 8 RINGLET CLOSE sales between December 2000 and January 2020 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 November 2015 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the January 2020 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 8 RINGLET CLOSE be worth now?

8 RINGLET CLOSE might now be worth an estimated £322,817.

This is based on house price inflation of 25.1%, between January 2020 and December 2024, 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 25.1% inflationary increase is applied to the most recent sale price for 8 RINGLET CLOSE of £258,000 on 2nd January 2020. For the value to have increased from £258,000 to £322,817 over the three years and one month to December 2024, the following assumptions must hold true:

• The value of 8 RINGLET CLOSE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The January 2020 sale price of £258,000 represented a fair market value for the property.
• The size, condition, and specification of 8 RINGLET CLOSE has not materially changed since January 2020.

How Large is 8 RINGLET CLOSE?

8 RINGLET CLOSE is 100m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 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 8 RINGLET CLOSE lies on this distribution: 43% of detached houses houses are smaller than 8 RINGLET CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

8 RINGLET CLOSE: Plot and Title Map

8 RINGLET CLOSE sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 8 RINGLET 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 8 RINGLET 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 8 RINGLET CLOSE?

8 RINGLET CLOSE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 8 on RINGLET CLOSE.