9, RINGLET CLOSE, GATESHEAD, NE11 9NF - £249,950

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

9 RINGLET CLOSE is a midsized extended detached house of 109m², built sometime between 1996 and 2002, which could now be worth an estimated £316,146. It was last sold for £249,950 in October 2016, which was around 13% above the average October 2016 detached price in the Gateshead local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was B.

9 RINGLET CLOSE Sold Prices

Land registry data shows two sales for 9 RINGLET 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 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
2016 18 OCT	£249,950	£222,168	13% above HPI
2001 16 MAR	£106,995	£91,982	16% above HPI

9 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 two 9 RINGLET CLOSE sales from March 2001 and October 2016 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 March 2001 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the October 2016 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 9 RINGLET CLOSE be worth now?

9 RINGLET CLOSE might now be worth an estimated £316,146.

This is based on house price inflation of 26.5%, between October 2016 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 26.5% inflationary increase is applied to the most recent sale price for 9 RINGLET CLOSE of £249,950 on 18th October 2016. For the value to have increased from £249,950 to £316,146 over the nine years and eight months to February 2025, the following assumptions must hold true:

• The value of 9 RINGLET CLOSE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The October 2016 sale price of £249,950 represented a fair market value for the property.
• The size, condition, and specification of 9 RINGLET CLOSE has not materially changed since October 2016.

How Large is 9 RINGLET CLOSE?

9 RINGLET CLOSE is 109m², which includes one extension, according to the EPC inspection conducted in April 2012. This puts it in the largest 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 9 RINGLET CLOSE lies on this distribution: 55% of detached houses houses are smaller than 9 RINGLET CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

9 RINGLET CLOSE: Plot and Title Map

9 RINGLET CLOSE sits on a plot of roughly 0.096 of an acre, or 390m². The below map shows the location of 9 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 9 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 9 RINGLET CLOSE?

9 RINGLET CLOSE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 9 on RINGLET CLOSE.