8 Foster Drive

    8, FOSTER DRIVE, GATESHEAD, NE8 3JG

    This flat/maisonette leasehold property on Foster Drive last sold in May 2018 for £125,000. Based on price growth in the NE8 district since then, its estimated current value is £135,487 — placing it in the 10th percentile nationally and the 51st percentile within NE8. The property covers 109 m² (1,173 sq ft), giving an estimated value of £1,243 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    1,173 sq ft

    109 m²

    Last Sale Price

    £125,000

    May 2018

    Estimated Valuation

    £135,487

    Est. £/sq ft

    £115/sq ft

    £1,243/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms6
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area1,173 sq ft (109 m²)
    EPC dateMay 2021
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    31 May 2018

    £125,000

    12 Dec 2003

    New build

    £96,450

    Key Metrics

    Estimated valuation£135,487
    Value per sq ft / m²£115/sq ft (£1,243/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile51st percentile
    National percentile10th 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

    More properties in NE8

    Streets in NE8

    Explore nearby