18 Faraday Grove

    18, FARADAY GROVE, GATESHEAD, GATESHEAD, NE8 4UL

    This flat/maisonette leasehold property on Faraday Grove last sold in February 2008 for £88,000. Based on price growth in the NE8 district since then, its estimated current value is £106,940 — placing it in the 5th percentile nationally and the 36th percentile within NE8. The property covers 68 m² (732 sq ft), giving an estimated value of £1,573 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    732 sq ft

    68 m²

    Last Sale Price

    £88,000

    Feb 2008

    Estimated Valuation

    £106,940

    Est. £/sq ft

    £146/sq ft

    £1,573/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area732 sq ft (68 m²)
    EPC dateJun 2014
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    8 Feb 2008

    £88,000

    15 Mar 2007

    £82,000

    27 Oct 1995

    £23,800

    Key Metrics

    Estimated valuation£106,940
    Value per sq ft / m²£146/sq ft (£1,573/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile36th percentile
    National percentile5th 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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