5 Foster Drive

    5, FOSTER DRIVE, GATESHEAD, NE8 3JA

    This flat/maisonette leasehold property on Foster Drive last sold in September 2021 for £80,000. Based on price growth in the NE8 district since then, its estimated current value is £90,522 — placing it in the 3rd percentile nationally and the 25th percentile within NE8. The property covers 59 m² (635 sq ft), giving an estimated value of £1,534 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    635 sq ft

    59 m²

    Last Sale Price

    £80,000

    Sept 2021

    Estimated Valuation

    £90,522

    Est. £/sq ft

    £143/sq ft

    £1,534/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area635 sq ft (59 m²)
    EPC dateOct 2014
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    30 Sept 2021

    £80,000

    18 Jul 2006

    £107,000

    30 May 2003

    New build

    £89,950

    Key Metrics

    Estimated valuation£90,522
    Value per sq ft / m²£143/sq ft (£1,534/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile25th percentile
    National percentile3rd percentile

    District Context — NE8

    NE8 covers Gateshead and surrounding areas in Tyne and Wear, situated south of the River Tyne in the North East. It is a primarily working-class and lower-middle-income area with a significant rental market and strong community character.

    Average Property Price - NE8

    £157,635

    4

    National percentile

    Average Net Household Income - NE8

    £31,485

    12

    National percentile

    10-Year Annualised Price Growth - NE8

    2.5%

    16

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE8

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