93, REDGRAVE CLOSE, GATESHEAD, NE8 3JD - £263,000

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

93 REDGRAVE CLOSE is a very large detached house of 173m², built sometime between 1996 and 2002, which could now be worth an estimated £336,860. It was last sold for £263,000 in June 2016, which was around 18% above the average June 2016 detached price in the Gateshead local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was B.

93 REDGRAVE CLOSE Sold Prices

Land registry data shows two sales for 93 REDGRAVE 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 93 REDGRAVE 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 8 JUN	£263,000	£223,389	18% above HPI
2002 1 NOV	£154,950	£119,975	29% above HPI

93 REDGRAVE 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 93 REDGRAVE CLOSE sales from November 2002 and June 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 November 2002 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the June 2016 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 93 REDGRAVE CLOSE be worth now?

93 REDGRAVE CLOSE might now be worth an estimated £336,860.

This is based on house price inflation of 28.1%, between June 2016 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 28.1% inflationary increase is applied to the most recent sale price for 93 REDGRAVE CLOSE of £263,000 on 8th June 2016. For the value to have increased from £263,000 to £336,860 over the seven years and six months to December 2024, the following assumptions must hold true:

• The value of 93 REDGRAVE CLOSE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The June 2016 sale price of £263,000 represented a fair market value for the property.
• The size, condition, and specification of 93 REDGRAVE CLOSE has not materially changed since June 2016.

How Large is 93 REDGRAVE CLOSE?

93 REDGRAVE CLOSE is 173m² according to the EPC inspection conducted in July 2015. This puts it in the largest 10% 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 93 REDGRAVE CLOSE lies on this distribution: 91% of detached houses houses are smaller than 93 REDGRAVE CLOSE, and 9% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

93 REDGRAVE CLOSE: Plot and Title Map

93 REDGRAVE CLOSE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 93 REDGRAVE 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 93 REDGRAVE 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 93 REDGRAVE CLOSE?

93 REDGRAVE CLOSE is located in GATESHEAD, in the NE8 postcode district. The below map shows the position of No. 93 on REDGRAVE CLOSE.