60 Foster Drive

    60, FOSTER DRIVE, GATESHEAD, NE8 3JG

    This flat/maisonette leasehold property on Foster Drive last sold in January 2018 for £85,000. Based on price growth in the NE8 district since then, its estimated current value is £92,131 — placing it in the 3rd percentile nationally and the 26th percentile within NE8. The property covers 54 m² (581 sq ft), giving an estimated value of £1,706 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    581 sq ft

    54 m²

    Last Sale Price

    £85,000

    Jan 2018

    Estimated Valuation

    £92,131

    Est. £/sq ft

    £158/sq ft

    £1,706/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 area581 sq ft (54 m²)
    EPC dateFeb 2017
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    24 Jan 2018

    £85,000

    2 Nov 2007

    £112,500

    25 Feb 2004

    New build

    £101,950

    Key Metrics

    Estimated valuation£92,131
    Value per sq ft / m²£158/sq ft (£1,706/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile26th 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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