17 Faraday Grove

    17, FARADAY GROVE, GATESHEAD, GATESHEAD, NE8 4UL

    This flat/maisonette freehold property on Faraday Grove last sold in September 2004 for £95,000. Based on price growth in the NE8 district since then, its estimated current value is £127,584 — placing it in the 8th percentile nationally and the 46th percentile within NE8. The property covers 65 m² (700 sq ft), giving an estimated value of £1,963 per m². The EPC rating is D, with a potential rating of D.

    Type

    Flat/Maisonette

    Tenure

    Freehold

    Floor Area

    700 sq ft

    65 m²

    Last Sale Price

    £95,000

    Sept 2004

    Estimated Valuation

    £127,584

    Est. £/sq ft

    £182/sq ft

    £1,963/m²

    Property Details

    TypeFlat/Maisonette
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialD
    Floor area700 sq ft (65 m²)
    EPC dateAug 2020
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    30 Sept 2004

    £95,000

    Key Metrics

    Estimated valuation£127,584
    Value per sq ft / m²£182/sq ft (£1,963/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile46th percentile
    National percentile8th 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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