38 Faraday Grove

    38, FARADAY GROVE, GATESHEAD, NE8 4UL

    This flat/maisonette leasehold property on Faraday Grove last sold in April 2000 for £20,950. Based on price growth in the NE8 district since then, its estimated current value is £112,926 — placing it in the 6th percentile nationally and the 39th percentile within NE8. The property covers 62 m² (667 sq ft), giving an estimated value of £1,821 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    667 sq ft

    62 m²

    Last Sale Price

    £20,950

    Apr 2000

    Estimated Valuation

    £112,926

    Est. £/sq ft

    £169/sq ft

    £1,821/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 area667 sq ft (62 m²)
    EPC dateOct 2018
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    25 Apr 2000

    £20,950

    Key Metrics

    Estimated valuation£112,926
    Value per sq ft / m²£169/sq ft (£1,821/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile39th percentile
    National percentile6th 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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