87 Foster Drive

    87, FOSTER DRIVE, GATESHEAD, NE8 3JA

    This flat/maisonette leasehold property on Foster Drive last sold in August 2022 for £85,000. Based on price growth in the NE8 district since then, its estimated current value is £83,831 — placing it in the 2nd percentile nationally and the 20th percentile within NE8. The property covers 55 m² (592 sq ft), giving an estimated value of £1,524 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    592 sq ft

    55 m²

    Last Sale Price

    £85,000

    Aug 2022

    Estimated Valuation

    £83,831

    Est. £/sq ft

    £142/sq ft

    £1,524/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnclosed End-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentB
    EPC potentialB
    Floor area592 sq ft (55 m²)
    EPC dateDec 2021
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    26 Aug 2022

    £85,000

    29 Sept 2004

    New build

    £121,950

    Key Metrics

    Estimated valuation£83,831
    Value per sq ft / m²£142/sq ft (£1,524/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile20th percentile
    National percentile2nd 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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