19 Faraday Grove

    19, FARADAY GROVE, GATESHEAD, GATESHEAD, NE8 4UL

    This flat/maisonette freehold property on Faraday Grove last sold in October 2003 for £62,000. Based on price growth in the NE8 district since then, its estimated current value is £93,723 — placing it in the 3rd percentile nationally and the 27th percentile within NE8. The property covers 67 m² (721 sq ft), giving an estimated value of £1,399 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Freehold

    Floor Area

    721 sq ft

    67 m²

    Last Sale Price

    £62,000

    Oct 2003

    Estimated Valuation

    £93,723

    Est. £/sq ft

    £130/sq ft

    £1,399/m²

    Property Details

    TypeFlat/Maisonette
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area721 sq ft (67 m²)
    EPC dateSept 2016
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    23 Oct 2003

    £62,000

    Key Metrics

    Estimated valuation£93,723
    Value per sq ft / m²£130/sq ft (£1,399/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile27th 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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