21 Faraday Grove

    21, FARADAY GROVE, GATESHEAD, NE8 4UL

    This flat/maisonette leasehold property on Faraday Grove last sold in March 2005 for £54,100. Based on price growth in the NE8 district since then, its estimated current value is £68,378 — placing it in the 1st percentile nationally and the 10th percentile within NE8. The property covers 69 m² (743 sq ft), giving an estimated value of £991 per m². The EPC rating is E, with a potential rating of D.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    743 sq ft

    69 m²

    Last Sale Price

    £54,100

    Mar 2005

    Estimated Valuation

    £68,378

    Est. £/sq ft

    £92/sq ft

    £991/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentE
    EPC potentialD
    Floor area743 sq ft (69 m²)
    EPC dateFeb 2020
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    18 Mar 2005

    £54,100

    Key Metrics

    Estimated valuation£68,378
    Value per sq ft / m²£92/sq ft (£991/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile10th percentile
    National percentile1st 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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