9, CHAUCER CLOSE, GATESHEAD, NE8 3NG - £125,000

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

9 CHAUCER CLOSE is a very small detached house of 46m², built sometime between 1991 and 1995. It was last sold for £125,000 in June 2005, which was around 35% below the average June 2005 detached price in the Gateshead local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

9 CHAUCER CLOSE Sold Prices

Land registry data shows two sales for 9 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 9 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
2005 3 JUN	£125,000	£192,187	35% below HPI
1997 3 OCT	£53,000	£75,878	30% below HPI

9 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 9 CHAUCER CLOSE sales from October 1997 and June 2005 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 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the June 2005 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 9 CHAUCER CLOSE?

9 CHAUCER CLOSE is 46m² according to the EPC inspection conducted in April 2015. 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 9 CHAUCER CLOSE lies on this distribution: Less than 1% of detached houses are smaller than 9 CHAUCER CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

9 CHAUCER CLOSE: Plot and Title Map

9 CHAUCER CLOSE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 9 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 9 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 9 CHAUCER CLOSE?

9 CHAUCER CLOSE is located in GATESHEAD, in the NE8 postcode district. The below map shows the position of No. 9 on CHAUCER CLOSE.